Boult2100
Long

Nifty IT - Best trade of the month.

NSE:CNXIT   NIFTY IT
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We gave a buy call when Nifty IT was at 9950-80 (Link below) and Infy at 920-30. Buyback news was expected and technicals played out well. It rose to the expected resistance zone of 10550-750. All profits booked. More than 600 points booked in only 6-7 trading sessions. We are holding Infy for 1050.

Cheers
Trade closed: target reached
Comment: Nifty IT reached almost 10700 and sold off sharply from there. Now, it should consolidate in the range of around 10300-700 for a breakout above the monthly falling channel.
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