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TraderSunil30
Nov 6, 2022 12:41 PM

IT sector Range Bound 

Nifty IT IndexNSE

Description

Interesting to see IT index in range from june till now in November.
IF 30300 is taken out on the upside, then there will be a good confirmation that it was an Accumulation phase in the market,
IF 26200 is taken out in the downside, expect the next set of SELLING in this sector. And a confirmation that it was in a distribution phase, since the market is near Life highs, This phase can be ruled out.
Till then expect a slow steady move in this index.
Range 26200 to 30300
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