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Nifty IT IndexNifty IT IndexNifty IT Index

Nifty IT Index

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CNXIT trade ideas

Nifty I.T. Up trend continuationIndex is respecting the rising trendline support and bouncing ever time it touches the demand zone,, bullish candle formation after small consolidation,,, MACD have given positive cross over after the retracement of last up move , indicate up trend is intact and will continue RSI have started making higher high and higher low after the retracement from 90 to 50 levels,, Till the levels of 29284 in not broken on weekly basis,, buy on dips can be used on I.T. sector,,
NSE:CNXITLong
by RUDRA007
NIFTYIT/NIFTY at the Top of RectangleNIFTYIT/NIFTY ratio chart has been trading in a range for the last 9 months since Sep'20, as shown in the rectangle pattern. The chart is breaching the top trend line of the pattern with momentum. RSI, the momentum indicator, never reached oversold conditions at the two times the ratio touched the bottom of the rectangle, indicating strength. The RSI is also well above 50 and in bullish zone. Based on this ratio chart, we can expect NIFTY IT to outshine the NIFTY index in the coming weeks if a breakout happens successfully. We will be monitoring the price action and keep this segment updated as and when we see a successful breakout or a fake out/breakdown.
NSE:CNXIT
by vipulmehta817
Trader's Queries - Capital requirement for tradingQuery : How much capital is needed to trade? This is one of the most frequently asked query from new traders. I have seen people who have the opinion, “50 Lakh or one crore capital make trading safe & secure”, “only people who have capital more than 50 Lakh only earn money from trading” etc. Its true that without capital we cannot start any business. Its also true that we don’t need 50 L to one crore to start any business. Trading is a business. Its the only business which has the capacity to give us unlimited profit. To reach that level of gaining “unlimited profit”, a trader has to make him qualified. So when a trader is preparing himself to become a “pro trader”, he has to start with the amount he can afford to lose. Meaning, a person should not borrow or get loan to trade. The capital should not make a person sad or depressed if he lose his entire capital. Remember, a trader won’t gamble if he treats trading as a business instead of casino. Understanding this is the key for your success in trading.
NSE:CNXITEducation
by vanathi
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