The Nifty IT index faces sustained technical pressure, with recent recovery attempts lacking conviction and failing to alter the bearish structure. Analysts suggest a sell-on-rise bias for the sector, anticipating further downside if key resistance levels remain unchallenged. The market sentiment is cautious heading into March, with potential for a weak first half.
Jefferies says Vodafone Idea shares can soar 143% in bull case scenario. 3 reasons why brokerage is upbeat
Jefferies sees a wide risk-reward range for Vodafone Idea, forecasting up to 143% upside in its bull case and 25% downside in its bear case.
October 27, 2026