Nifty Information Technology  Shares 18Apr19  Chart Strength 5Oct18  Chart Strength 24May18  Chart Strength 7Jun17  Chart Strength 23.10.15  Chart Strength
HCL Technologies 4* 2 18 3 15
Infibeam Incorporation 17 19 14    
Infosys  8* 1 strongest 3 15 4
MindTree 7 6 12 8
NIIT Techno  5* 8 11  7 3
OFSS 14 13 16  9 7
TCS 1* strongest 4 6 10
Tata Elxsi  16 12 10  11 5
Tech Mahindra 6* 5 1 strongest 16 16
Wipro 3* 3 20  8 11
Above 200-dma 70% 80% 80% 60% 9.5

 Note: *50/200-dma bullish crosssover in progress

All the above stocks form the NSE, Nifty IT Index. Information Technology Sector Index includes stocks from Software, Hardware, Computer Education and other related industries.
 

BSE NSE Information Technology  Shares 18Apr19  Chart Strength 5Oct18  Chart Strength 24May18  Chart Strength 7Jun17  Chart Strength 23.10.15  Chart Strength
Cyient 19 11 13  10 1 strong
eClerx Serv 10 18 19  17 2
Firstsource Solutions 12 14 20 17
Hexaware Technolog 15 10 12  5 14
Info Edge (I 2* 9 15  1 strong 12
Just Dial 9* 17 17  14 19
KPIT Technologi   20 15 19 18
Mphasis 11 7 2 6
Persistent Sy 13 16 13 13
Polaris Consult   - 4 9
Rolta India 18 20 21  18  

 

  • Stocks trading above 200 day moving average  laughing
        Shares are shown in blue colour
  • Stocks trading below but close to 200 day moving average smile
        Shares are shown in orange colour
  • Stocks trading much below 200 day moving average frown
        Shares are shown in red colour

 


 

Technical Trend of Information Technology Sector 

Nifty Information Technology Sector Index is trading above the 200 day moving average.
Out of 10 Nifty IT Index stocks 7 are trading above 200-dma. 
That means 70% of IT Sectors stocks are trading above 200-dma.
Nifty Information Technology is the best performing Sector Index at present.
The index is trading above 50-dma with bullish crossover.
Information Technology is a defensive sector supported by weakening of rupee.

Outperformers: TCS, Info Edge, Wipro, Infosys, HCL Technologies, NIIT Technologies, Tech Mahindra. 
Underperformer: KPIT Technologies, Cyient, Rolta India, Infibeam Incorporation, Tata Elxsi.

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