The End of year, we are Calculate whole one year business It and Auto Sector. Today is the turn of IT sector and auto sector. IT index accounted for 22% in 1 year. It is getting 11 percent higher valuation than IT average of 5 years. 8% more value than the Nifty.
Look at the auto sector, The Nifty Auto Index dropped 22 percent in 1 year. With the increase in costs and decrease in demand, the concern of the auto sector has increased. High interest rates have also shown the effect. Dealers have a lot of inventory. Auto production cuts are seen across the country.
HCL Technologies Ltd : Buy HCLTECH for Short term weekly around 1025 to 1035 for targets 1079, 1097 Stop Loss 9987.
NIIT Technologies Ltd.: Buy NIITTECH for Short term weekly above 1300 for targets 1339, 1363 Stop Loss 1269