“Nifty IT is witnessing an outperformance, and this could witness further strength in the coming few sessions. After marking a high of 43,645 on September 17, Nifty IT entered a throwback phase. During the period of throwback, the index has taken support near its 100-day EMA level and resumed its northward journey. Interestingly, on a weekly scale, it has formed a Bullish Engulfing candlestick pattern, which is a bullish sign.”
Mid- and small-cap pressure persists as valuation concerns deepen: Harsha Upadhyaya
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in
December 11, 2025