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Is Nifty IT bottoming out after falling 12% from February high?

The index has been trying to consolidate around the 27,800 -mark for the previous two-three sessions. It looks like it is in the process of bottoming out as the momentum indicator RSI, around 30, is already at oversold levels. It showed a small reversal today

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​ The index has been trying to consolidate around the 27,800 -mark for the previous two-three sessions. It looks like it is in the process of bottoming out as the momentum indicator RSI, around 30, is already at oversold levels. It showed a small reversal today The index has been trying to consolidate around the 27,800 -mark for the previous two-three sessions. It looks like it is in the process of bottoming out as the momentum indicator RSI, around 30, is already at oversold levels. It showed a small reversal today  Moneycontrol Latest News Read More  

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