Nifty IT Index Struggles with Resistance Amid US Visa Concerns

We’ve been watching the Nifty IT Index closely these last few days. It’s hit a wall, and that wall isn’t just technical. New U.S. visa rules have brought fresh worries for India’s tech sector. On one side, the Index is bumping up against resistance near the 25,500–25,600 range, a zone where gains seem to stall. Analysts say that unless the Index breaks past that cleanly, traders may lean toward profit-taking.