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The Nifty IT Monthly Chart indicates that the recent decline found support at the long-term rising trendline. Technical analyst notes this as a significant long-term bullish development. Additionally, seasonal data points to November as a good month, and December as the best, making it opportune to accumulate the IT index during recent weakness to ride the upcoming positive seasonal trend.
“I have never been short of ideas, but have always been short of money to invest. India is a paradise for growth investors. At any point of time, there are more ideas than the capital available. If you invest in the right companies in any scenario in India, you can make money.”