Nifty IT index is testing a support trendline that it has tested before (But managed to take support).
But how will it react this time?
Keep this on your radar. Big shots like TCS and Infy are breaking down by big numbers.
Please like and follow. NSE:CNXIT
NIFTY IT is on monthly trend line resistance. Please avoid holding IT stocks for upmove (Mid Term or Long term). IT looks exhausted and we may see correction coming soon. Also, to support above statement, INR will get stronger against USD in coming times and this will lead to IT companies share prices coming down.