Nifty IT, CNX IT bullish crossover. Headed to higher levels
Updated
Nifty IT index showing a bullish crossover of 20DMA in Daily charts. Nasdaq and Nifty IT should not have any correlation as US Big Tech have 60% of their income from overseas so strong USD hurts their topline and margins. Nifty IT companies have income in USD so strong USD supports margins and topline both. Trend will strengthen
Top stocks: Infosys and HCL Tech. TCS only post results
Can play for a 15% upside then take profits at 29000 and exit
Top stocks: Infosys and HCL Tech. TCS only post results
Can play for a 15% upside then take profits at 29000 and exit
Trade closed: target reached
Booked Profit with 50% profit on Option trades on HCL Tech and Infosys.
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