Ashray_G

IT INDEX looking for 2X

Long
NSE:CNXIT   Nifty IT Index
As predicted last time for IT index to sell at 33850, which was followed by 20% correction in the Index and saved capital there.

Now looking at the market scenario, IT stocks looking one of the best bets in the Indian sector

1) Golden pocket zone of 2020 bull run
2) Bounced from the long awaited channel trendline
3) Taking support at previous support zone of 25-26k



Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.