IT stocks in an uptrend
The Information Technology sector filtered to names above the 200-day with momentum intact.
Sector rotation is half of Indian market behaviour, and this is how a rotation scan is written: membership first, then the technical condition. IT stocks trade as a block — the same currency, the same client geographies, the same rate cycle — so when the sector turns, the strong names turn first. One caveat: sector membership is today's classification applied retroactively, so historical replays lean on the current list.
More fundamentals:Promoters buyingPromoters sellingHigh promoter holding in an uptrendInstitutions on both sidesTight public float
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