Rish
I think all IT stocks breakdown is also caused by USD/INR , appreciation of INR vs USD.See chart.
Not like that, it happens everytime....
Even in 2008 crash - See USD / NIFTY chart you will get some message
In 2009 April - See USD / NIFTY chart you will get some message
Sep'2013 reversal - See USD / NIFTY you will get some message
Now, again USD / NIFTY chart will give you perfect indication of reversal....but, our mind will never accept, because everybody has fixed there mind nifty rally 8000..9000..10000+++++ (which nobody knows)..
My simple point is believe your theory ....don't be double mind in this market...doubting your method is weak and others methods are superior..