IT Sector Analysis – 08.03.2025 - K Karthik Raja Rupeedesk Share Market Training
IT Sector Analysis – 08.03.2025 - K Karthik Raja Rupeedesk Share Market Training
IT Sector Analysis – 08.03.2025 - K Karthik Raja Rupeedesk Share Market Training
IT Sector Analysis – 08.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Key Factors Affecting & Reasons
1. Global tech trends, including the performance of major global tech stocks and Nasdaq movements impacting sentiment.
2. Rupee vs. dollar impact, where a weaker rupee benefits IT exports, while a stronger rupee could pressure margins.
3. Earnings and guidance from major IT firms like TCS, Infosys, Wipro, and HCL Tech.
4. FII and DII activity, with institutional inflows or outflows impacting sector strength.
5. Macro trends such as inflation, interest rates, and global recession fears affecting IT budgets and outsourcing demand.
Key Watch
- Resistance and support levels:
- Resistance: 42,774
- Support: 33,636
- Indicators:
- Moving averages:
- 50 MA – 39,689
- 150 MA – 33,640
- 200 MA – 33,636
- RSI: 37.63 (oversold zone)
- MACD: Bearish trend developing
Volume Analysis
- Current volume: 141.636M (weekly average: 125.205M)
- Higher-than-average volume suggests strong market participation, but price action remains weak.
Dow Theory Chart Analysis & Observations
- The long-term uptrend is intact, but recent corrections indicate caution.
- IT stocks are forming higher highs and higher lows, a sign of strength.
- The 200-day MA at 33,636 is a crucial support level—if it holds, expect a bounce.
Stocks to Watch
- Large-cap leaders: TCS, Infosys, Wipro, HCL Tech
- Mid-cap growth: LTIMindtree, Mphasis, Coforge
- Sectoral focus: Cybersecurity, AI-driven IT solutions, and cloud services
Market Insights: Short-Term & Long-Term View
Short-Term (Next Few Weeks)
- Nifty IT is in a retracement phase; a breakout above 42,774 could resume the uptrend.
- If support at 39,689 is broken, a move toward 33,636 is possible.
Long-Term (6+ Months Outlook)
- The sector remains structurally strong, driven by digital transformation and global IT spending.
- Potential for Nifty IT to cross 45,000+ levels in the coming months.
Conclusion
The Nifty IT sector is experiencing short-term volatility but retains long-term growth potential. Investors should focus on fundamentally strong IT stocks while watching key technical levels for trading opportunities.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Do your own research before making investment decisions.
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