IT Stocks Plunge Amid AI Threat: Is it a Buying Opportunity for Aggressive Investors?

• Nifty IT index dropped nearly 3 percent, falling 9 percent in three days due to a global tech selloff.
• Anthropic's new legal AI tool triggered worries of AI-fueled disruption in data and professional services.
• Analysts suggest Nifty IT is in oversold territory, indicating increased volatility but not a structural breakdown.
• Key support levels for Nifty IT are 34,000–33,000, with resistance at 37,500–38,000.
• Experts advise a 'sell-on-rise' strategy and caution against aggressive long positions until a clear reversal.