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Synopsis
The BSE IT index has gained 99.6% from its March low while the Sensex has gained over 55% from its March lows. Analysts feel the Nifty index is likely to find strong support at 11,400-11,600.
Traders took profits off the table in technology shares last week after a strong run over the last few months but the recent underperformance might be a blip. Technical analysts are advising clients to buy the top four technology stocks — TCS, Infosys, Wipro and HCL Tech — on dips. The BSE IT index has gained 99.6% from its March low while the Sensex has gained over 55% from its March lows. Analysts feel the Nifty index is likely to find strong
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Credit: economictimes.indiatimes.com
