raunaq
Long

NiftyIT (CNXIT) - Buy !

NSE:CNXIT   NIFTY IT
The index has reversed a downtrend by breaking out from a declining channel. The 50-day MA (long term) has managed to cross above the 20-day MA (short term) confirming the Golden Crossover of the moving averages.

I believe that the downtrend is now over and a new leg higher is now unfolding.
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