Wait for recovery signs before entering FMCG, worst over for IT in short term: Astha Jain

“On weekly charts, Nifty IT index has shown positive reversal after consecutive two negative close. Nifty IT index can show some more upside from current level till 30,500 in short to medium term. Hence, for time being or short term it can be said that pain is over for IT index & two stocks that look good in IT universe are Tech Mahindra & L&T tech services.”