Nifty IT Index forum
CNXIT exceptional selling today. if you couldnot catch the initial momentum then the pullback was even better
CNXIT just use vatican bank cartel indicator on CNXIT
CNXIT IT can push nifty this week
CNXIT Levels in CNXIT:
Level 1: Junior Executive (JE) - ₹300 - ₹500 per hour
Level 2: Executive (EX) - ₹500 - ₹800 per hour
Level 3: Senior Executive (SX) - ₹800 - ₹1,200 per hour
Level 4: Assistant Manager (AM) - ₹1,200 - ¥1,800 per hour
Level 5: Manager (M) - ¥1,800 - ¥2,500 per hour
Level 6: Senior Manager (SM) - ¥2,500 - ¥3,500 per hour
Level 7: General Manager (GM) - ¥3,500 - ¥4,800 per hour
Level 8: Executive Director (ED) - ¥4,800 - ¥6,400 per hour
CNXIT "Welcome to SkyTradingZone "
Hello Everyone 👋
For the CNXIT (Nifty IT) index on a 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
42,167: This is the immediate support level.
41,800: A stronger support level if the index falls below the immediate support.
Resistance Levels:
42,983: The immediate resistance level.
43,500: A higher resistance level to watch if the index breaks above the immediate resistance.
CNXIT The current level of the Nifty IT Index (CNXIT) is:
24,424.55
Please note that stock prices are highly volatile
and can fluctuate rapidly. This level may have
changed by the time you read this. If you'd like to
know the current level, I can update it for you.
CNXIT Technical Analysis: Support and Resistance
Levels
Short-term (4-hour) Analysis:
The current level of the Nifty IT Index (CNXIT) is:
24,424.55
Please note that stock prices are highly volatile and can fluctuate rapidly. This level may have changed by the time you read this. If you'd like to know the current level, I can update it for you.
CNXIT CNXIT (Nifty IT) index on a 1-hour interval
Support Levels: These are price levels where the index historically tends to find buying interest. Look for recent lows or previous points where the price has bounced back up.
Resistance Levels: These are price levels where the index has historically struggled to rise above. Look for recent highs or points where the price has reversed downwards.
Support Levels:
42,800
42,500
Resistance Levels:
43,200
43,500
CNXIT Support Levels
Definition: A support level is a price point where a downtrend is expected to pause due to a concentration of demand. It represents a level where buyers tend to enter the market, which prevents the price from falling further.
Identifying Support: Support levels can be identified by looking at past price movements. If the price has bounced off a certain level multiple times, that level may be considered support.
Trading Strategy: Traders often look for buying opportunities around support levels, anticipating that the price will rise again after hitting this level.
Resistance Levels
Definition: A resistance level is a price point where an uptrend is expected to pause due to a concentration of supply. It represents a level where sellers tend to enter the market, which prevents the price from rising further.
Identifying Resistance: Resistance levels are identified similarly to support levels. If the price has hit a certain level multiple times and failed to break through, that level is considered resistance.
Trading Strategy: Traders often look for selling opportunities around resistance levels, anticipating that the price will drop after reaching this point.
CNXIT Nifty IT index showing signs of good recovery, this price action can consider as a Breakout retest. Stocks can be watch now- Wipro, Infosys, Tcs etc
CNXIT jo socha vohi hua