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Infosys, Wipro, TCS: Should you sell IT stocks as Trump blocks H1B visa?

The Nifty IT index now needs to scale above its 200-DMA placed at 14,888 to embark on a new trend

CREDIT, ECONOMIC ACTIVITY, GROWTH, COMPANIES, FIRMS, STOCKS,  DOWN, MARKET,
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Nifty IT

Avdhut Bagkar Mumbai
US President Donald Trump has suspended the entry into the United States of certain foreign workers on Monday - a move the White House said would help the Covid-19-battered economy. 

The visa suspension, which runs to the end of the year, will open up 525,000 jobs for U.S. workers, a senior administration official said on a call with reporters. READ MORE HERE

So, how should you trade information technology stocks in this backdrop? Here are the key levels you need to keep a tab on.

NIFTY IT:
The index is trading between 200-days moving average (DMA) and 100-DMA,

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First Published: Jun 23 2020 | 11:47 AM IST

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