Metal index did extremely well and Nifty IT is one of the key contenders for this strong recovery on the indices. That is a rise of almost 1.5 per cent in terms of supports that gives up one more leg of fillip. So, now it is just a matter of this stiff resistance zone getting taken out which is 10,500-10,550. The stock saw a recovery from 120 levels to 150 and that 120 now becomes the key support zone. So even in this month, post the F&O adjustment, I think the stock corrected back to that 120 zone.

Source: Economic Times April 14, 2018 10:07 UTC