YS9

NIFTY IT

Long
It is bouncing from the support zone in ratio chart. It implies that it will outperform the NIFTY in near term. Further to that, some rating agency has downgrade the India IT, it is sign that near term bottom is done in IT. Keep SL of the support zone. Here none is right all the time.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.