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IT Index

Long
Nifty IT Index (NSE:CNXIT)  
nikhil.irm  
NSE:CNXIT   Nifty IT Index
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
The IT Index has fallen sharply in this week. And as per the chart, it will take support between 30000and 31000 area.
The trendline as well as the downward channel will help in taking support.
So either slowly accumulate the IT index via mutual funds or start making entries in IT stocks near their respective support areas.
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