NIFTY IT Faces Sharp Breakdown as Tech Stocks Bleed; Pullback Zone in Focus

NIFTY IT Faces Sharp Breakdown as Tech Stocks Bleed; Pullback Zone in Focus

NIFTY IT Faces Sharp Breakdown as Tech Stocks Bleed; Pullback Zone in Focus The NIFTY IT index is witnessing a steady and concerning decline, with major technology stocks showing sustained selling pressure. While market chatter around the fall has only recently intensified on social media, technical signals had already pointed to weakness much earlier. NIFTY IT Under Pressure The index has slipped below key support levels, indicating a broader breakdown in sentiment across the IT sector. Heavyweight stocks that dominate the index have failed to hold recent highs, adding to bearish momentum. Despite the ongoing decline, some market participants believe the index is approaching a zone where a sharp pullback could emerge, provided buying interest returns near critical support levels. Major Stocks Impacted Several leading IT companies are contributing to the index’s weakness. The current pressure is visible across both large-cap and m…