CNX IT
Many investors and traders are seeing IT sector as outperforming sector. It looks like that the stocks are in the are where one can book profits and away for sometime. Below is the CNX IT index where Index is moving in an expanding triangle.8000 to 8150 looks like profit booking area for IT stocks. Aggressive traders may also initiate shorts and hold.
Many investors and traders are seeing IT sector as outperforming sector. It looks like that the stocks are in the are where one can book profits and away for sometime. Below is the CNX IT index where Index is moving in an expanding triangle.8000 to 8150 looks like profit booking area for IT stocks. Aggressive traders may also initiate shorts and hold.
As Expected CNX It corrected till 7543 and now seeing a bounce till upper end of the channel.Now lets wait and see how this index behaves. Does it give breakout? I think it is getting ready for it.
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