Kiran Jani, Head of Technical Research at Jainam Broking, on Wednesday reiterated a positive stance on Nifty IT, highlighting improving technical indicators despite recent volatility in the sector.

Jani noted that although IT stocks corrected sharply earlier this year amid tariff-related concerns, the sub-index held above its previous lows and has been consolidating steadily. "Overall chart patterns look promising at current levels. 36,000 level is a strong support and unless the index breaks below 35,500, a meaningful rally could emerge by the first quarter of next year," he told Business Today . Advertisement

According to him, investors may consider allocating a portion of their portfolio to IT, with selective opportunities in both large-cap and mid-cap counters.

Jani pointed out t

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