Is It Time to Enter Nifty IT After Rupee Hit a Lifetime High?

Nifty IT is showing early signs of revival as it rebounds from long-term support, trades above key EMAs, and displays improving momentum with reduced volatility, suggesting accumulation. The rupee’s lifetime low supports IT earnings, US tech spending is stabilizing, and order pipelines across major IT firms are improving, signaling a shift from weakness to gradual strength. While the sector isn’t in a full bull phase yet, sentiment is turning positive, making this a low-risk accumulation zone, with a stronger breakout confirmation only above 39,000.