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chakshu asija

Stealth • 2d

Market Update: CNX IT – The Deciding Factor for Nifty 22,700 Breakdown For the past two weeks, I have been highlighting CNX IT as the key sector that would decide whether Nifty’s 22,700 support holds or breaks. Now, 22,700 has broken, and the market is trying to sustain below it, but every intraday upmove is being sold into due to relentless selling in Nifty IT. Major IT stocks like TCS have seen three consecutive red candles on the weekly chart, with a 21% fall from all-time highs. What’s Next for Nifty & IT? There are support levels in both IT stocks and the sector, but without a higher-timeframe reversal from discount zones, the fall or consolidation may continue. A clear reversal pattern is needed before any sustainable recovery. Why is the IT Sector Struggling? 1️⃣ Economic Slowdown: Global slowdown is reducing IT spending, impacting demand and revenue. 2️⃣ AI Disruption: Rapid AI adoption is reshaping job roles and forcing companies to adapt. 3️⃣ Geopolitical Uncertainty: Global tensions are affecting key IT export markets, leading to cautious spending. 4️⃣ Interest Rate Hikes: Higher rates make borrowing costlier, causing companies to cut back on IT investments. Key Takeaway: Until CNX IT stabilizes, Nifty will struggle to regain momentum. Watch for signs of accumulation or reversal in IT stocks before expecting any meaningful recovery. #Nifty #BankNifty

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Recommendations from Medial

Ayush

Stealth • 6m

NIFTY is up 🔥 Bullish run was spotted. Reversal expected soon. What's your prediction ?

1 replies4 likes

financialnews

Stealth • 2m

Nifty 50 Index: Signs of Reversal Amid Risky Patterns The Nifty 50 index is exhibiting patterns that signal potential market volatility and a possible reversal. Recent technical indicators, such as overbought levels and resistance zone challenges, s

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Anonymous

Stealth • 8m

What do you think is causing the slowdown of hiring in the IT industry?

9 replies9 likes

financialnews

Stealth • 4m

Technical Analysis for Nifty and Bank Nifty: Key Support, Resistance, and Market Outlook Following a four-week decline, the Nifty index is approaching a critical support level near 24,000. Ajit Mishra, SVP of Research at Religare Broking Ltd, notes

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Adarsh Km

Stealth • 3m

🚨Market Alert! #Nifty in continuous decline and all eyes are now at 200 EMA support, which is normally the last hope for any corrective reversal. Below this, a further deep correction will be seen.? Is this a dip that shall be bought, or should we

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Rohan Saha

Stealth • 1m

Now the market just needs to sustain above 22800 and wait for the budget. The valuation of Nifty small cap and midcap is still very high despite the significant fall in all the stocks. There could be more correction in mid and small caps, but if Nift

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Setu

Stealth • 9m

politics is one of the big things in India after the exit polls and favour of NDA there is lot of changes in share market which is really un imaginable and whooping high to the stocks and Nifty.

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Rohan Saha

Stealth • 6d

The impact of USA's tariffs on India is not as significant as it may seem, yet Indian stocks are experiencing a decline. Despite this, India's growth remains promising, and assuming that the economy has slowdown due to a minor dip is unwise. These so

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financialnews

Stealth • 3m

Stocks market today: Sensex, Nifty 50 crash 1% each; what is driving the market down? Explained with 5 factors 1. The Adani saga 2. Concerns over weak Q2 earnings 3. Escalating geopolitical tensions 4. Heavy foreign capital outflow 5. Technical

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Mridul Das

Stealth • 1d

Zomato( Eternal) ,swiggy and Ola electric are entering into Nifty50📈 Nifty 100📈 , Nifty 150📈 . That means Zomato is in India's top 50 companies and Swiggy in top 100, and Ola electric in top 150 companies 🔥🔥 🚀 Eternal Ltd. average free-floa