As per 5 Year chart View, Nifty IT is overbought @ 16739 (Levels Mentioned in Chart). But there are some chances that it could go to Range: 2 @ 18024. Downside Range will be @ 13780. I expect it will consolidate in these mentioned range. It shows us TCS , INFOSYS and some more IT stocks will be in consolidation. Ranges for stocks will be updated in next charts. Stay tuned for more updates :)
This chart is for analysis purpose. Think, Research and analyse before taking any decision.