Nifty Unlikely to Dip Below 25,000; Build IT Positions: Rahul Ghose

• Rahul Ghose, Founder and CEO of Octanom Tech and Hedged, predicts Nifty 50 will not breach 25,000 in February due to high Put open interest.
• He advises bullish positions near 25,000-25,100 and bearish near 25,800-25,900, suggesting a non-directional strategy for 25,000-25,800 range.
• Nifty has consolidated for 16 months, failing to cross 26,300, with strong support at 25,000-25,100.
• For long-term investors, Ghose recommends building positions in IT stocks, despite current weakness, and suggests Bajaj Finance and Nykaa for individual stock plays.
• Bank Nifty shows stronger technicals than Nifty, while Nifty IT index indicates further weakness, with rallies likely to be sold off.