Nifty IT Index
Long
Updated

Nifty IT: Soaring Towards 36800 and Beyond?

Wondering if the sharp rally in this sector will persist? Nifty IT displayed significant movement yesterday, continuing today with a breakout. My intuition suggests a potential move toward the 36800 level.

I'll consider adding more to my portfolio if there's a retest of the breakout level, although the likelihood seems low. Nifty IT not only has the potential to reach 36800 but also to surpass it – the path ahead appears clear.

Stay tuned for updates as we navigate this promising trajectory in the Nifty IT sector.

#NiftyIT
Trade closed: target reached
Nifty IT retraced to the breakout trendline on January 4th, confirming the support, and has now successfully reached the target, indicating the potential for further gains.

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