IT Stocks: Short-Covering Rally or Start of a Bigger Reversal?
Days after Moneycontrol flagged IT as the market's most crowded bearish trade, better-than-feared earnings from TCS and HCLTech are triggering a positioning unwind. Derivatives data now suggest investors are also beginning to build fresh long positions in select stocks.
Days after Moneycontrol flagged IT as the market's most crowded bearish trade, better-than-feared earnings from TCS and HCLTech are triggering a positioning unwind. Derivatives data now suggest investors are also beginning to build fresh long positions in select stocks.
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