Rollovers have been modest so far as market-wide rolls were seen at 93% along with Nifty at 85%, Banknifty at 84% while Stock futures at 94% respectively.
As most of our IT companies have major exposure in the US market, the news boosted IT stocks.
‘Piercing line’ formation on its daily scale around its 200-Weeks EMA zone marked the termination of its ongoing bearish move.