📈 NIFTY IT: Is the Bounce Back on the Horizon? 🚀
Current Market Price (CMP): 37,434
Stop Loss (SL): 35,700
Target 1: 38,733
Target 2: 40,527
📊 Market Overview:
After a ~23% correction from its peak, the NIFTY IT index is showing signs of stabilization. The index has formed a small base on the daily chart and today breached a minor resistance, suggesting potential for a short-term upside.
💡 Key Insight:
With April’s quarterly results on the horizon, the IT sector may experience increased trading activity, presenting short-term opportunities.
⚠️ Caution:
The market remains volatile—smart position sizing and strict risk management are crucial for navigating current conditions.
📌 Disclaimer: Not a SEBI-registered advisor. Always conduct your own research before making any investment decisions.
#NIFTYIT #StockMarket #TechnicalAnalysis #TradingOpportunity #MarketUpdate #InvestSmart
Current Market Price (CMP): 37,434
Stop Loss (SL): 35,700
Target 1: 38,733
Target 2: 40,527
📊 Market Overview:
After a ~23% correction from its peak, the NIFTY IT index is showing signs of stabilization. The index has formed a small base on the daily chart and today breached a minor resistance, suggesting potential for a short-term upside.
💡 Key Insight:
With April’s quarterly results on the horizon, the IT sector may experience increased trading activity, presenting short-term opportunities.
⚠️ Caution:
The market remains volatile—smart position sizing and strict risk management are crucial for navigating current conditions.
📌 Disclaimer: Not a SEBI-registered advisor. Always conduct your own research before making any investment decisions.
#NIFTYIT #StockMarket #TechnicalAnalysis #TradingOpportunity #MarketUpdate #InvestSmart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.