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Nifty IT Index

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CNXIT trade ideas

NIFTY IT Sector to be watchout !!🛑NIFTY IT Sector breakdown and closed below 34600 zone which is psychological support zone and by now, ◽ if it traded n closed above 34600-34700 zone then BUY on dip will work very well in IT stocks where every major IT stocks falled about 10-20% from their highs ◽ with market perspective 34000 will be very crucial support level to hold IT stocks ( and for NIFTY 17600 ) if breakdown this level then market will get major correction for sure 🛑IT sector to be watchout for up coming couple of weeks
NSE:CNXIT
by agasthya_d
NIFTYIT - SOFTER TONENifty IT with two working days to complete for the quarter and month, most likely to print toppish signal for the near term. On the daily we have pierced minor trend, which should ideally target the six month trend line around the 34600. Dollar sharper rise overseas, is not compensated by the rupee decline hence any incremental rupee fall is not an helping factor. Selling any rise towards 35600 stops 35900 for move 34700 (not one day expectation). Intra-day sell with stops 35600 for 35100.
NSE:CNXITShort
by sreebhashyam