Nifty IT — Risk-Reward Favours Longs After 8% Correction

Nifty IT index has shed 8% from its January peak on Fed-rate concerns. But the macro is turning: rate cuts expected H2 2025, deal wins accelerating at TCS and Infosys. The index is now trading at the 200-DMA — a historically reliable support. I'm initiating a 3% position in Nifty IT ETF.