Had taken out a report on IT sector sometime back calling the bottom. The sector has seen tremendous reversal and good returns on all stocks.
Thanks @AshVerma111 for the mention.
#largecap stocks are very near to bottom or have already made a bottom formation from a longer term perspective.
Next 6 months are going to be very interesting for Indian large caps.
Nifty RSI is at the lowest levels since it made lows in 2025 of 22000. There was a bounce of almost 2000 points post that.
Expect Nifty to make a low today or tomorrow and then witness a meaningful bounce back.
Which sector could surprise investors in September?
While the broader market gets most of the attention, derivatives positioning often reveals where the interesting setups are developing underneath.
From short-covering possibilities to sectors showing strength, here's what the latest rollover analysis reveals with @NiravChheda99, AVP – Derivatives & Technical Research at Nirmal Bang.
NIFTY 3-Month Roadmap:-BUY approach near strong support zones(24150-23900 levels). Fresh aggressive buying should preferably be considered only after confirmation of reversal around key supports or a decisive breakout above 24,740–25,200 & 25500. With support 23640.@NirmalBang