Charts show Nifty IT index has bottomed out: 4 stocks can rally up to 24%

MindTree, Mphasis and Larsen & Toubro Infotech may rally up to 24 per cent, while Infosys needs to overcome its near-term hurdle for fresh gains.

All Nifty IT index stocks traded with a positive bias in early deals on Thursday, as the benchmark indices, the BSE Sensex and Nifty 50 attempted to extend their winning run into the seventh straight day. 

The Sensex and the NSE Nifty 50 have gained 15 per cent each so far from their recent 52-week lows, and seem headed towards 59,000 and 17,500 levels, respectively.
 

Among the IT pack, MindTree and Mphasis were the top movers surging close to 3 per cent each. Larsen & Toubro Infotech  and Infosys also advanced 2 per cent each, while L&T Technology Services, Wipro