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Nifty IT Index
Long

CNX IT takes Channel support

By JMvalueinvest
Updated
Buy CNX IT at 13314, with SL of 13000, for upsides of 8-10%. Alternatively, one can buy Infosys/TCS which are the key constituents of the index, contributing over 70% weightage.
Note
Nifty IT once again took support at channel lows of 13490 and started moving up. Continue to remain bullish with revised SL of 13400
Note
Book profit at 14500, as index is up 9%. target achieved
Trade closed: target reached
Book profits
Chart PatternsTechnical Indicators
JMvalueinvest

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