Nifty IT in sell-on-rise mode, may fall another 8-10%: Rupak De

March 2, 2026

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.

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