JMvalueinvest

CNX IT takes Channel support

Long
JMvalueinvest Updated   
NSE:CNXIT   Nifty IT Index
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.
Comment:
Nifty IT once again took support at channel lows of 13490 and started moving up. Continue to remain bullish with revised SL of 13400
Comment:
Book profit at 14500, as index is up 9%. target achieved
Trade closed: target reached:
Book profits
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