Red Flag for IT Stocks

Sep 7, 2022

Brijesh Bhatia, Research analyst

In this video, I discuss why Indian IT stocks will be under pressure in the coming months.

The ratio chart of Nifty IT index and the Nifty 50 index along with technical levels of Nifty IT index suggest that the near-term outlook for IT stocks may be bleak.

I also discuss the levels to watch for the ratio chart and Nifty IT index. If these levels are taken out, we might see more pressure.

Let me know your thoughts in the comments below. I love to hear from you.

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2 Responses to "Red Flag for IT Stocks"

Naveen

Sep 13, 2022

Investing in Nifty IT index ETF for long term can be a good contrarian bet though

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Janardan Mohanty

Sep 10, 2022

Recession in Europe and US will definitely hurt IT companies the most as their major source of revenue is from these geographies. In the mean time please suggest quality IT companies list (who if undergo significant correction) should be accumulated.

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