Get started
Nifty IT IndexNifty IT IndexNifty IT Index

Nifty IT Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Components

CNXIT trade ideas

It Index looks delicately poised. (Educational Post)For last few weeks we have been looking at indices. By the study of a particular index we then try to determine about investing in components of that index or the stocks that from that particular index. In the series we will today have a look at IT Index. IT Index is looking very interestingly poised currently. There is a Doji of indecision formed. As of now the bias of this Doji or shadow of the candle looks a little positive. If the index can give a closing above 37345, there is a chance that there can be an upside upto 37892, 38279 or even 38594. In case the levels of 36711 or 36098 are broken there could be drastic fall in the stocks which form this index as the potential fall can lead index to the levels of 35675, 35094 or 34287. Keeping this information in mind you can look at individual charts of stocks like TCS, Tech Mahindra, Wipro, LTTS, Persistent, Infosys, Coforge, Mphasis, HCL Tech, LTIM. For understanding which companies to invest in amongst the bunch of IT pack leaders you will have to study Technicals and Fundamentals of each of the company individually. Thus through various models you can try to determine tops of current rally or trend. You can reverse the process and try find of the probable bottom in case of downturn. Trend lines / Peaks / Valleys and Fibonacci levels will also give you probable supports and resistances in the path. You can become an expert by studying and drawing and reading charts every day. The more you practice the better accuracy you can achieve. Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks or index levels of spot Nifty mentioned in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NSE:CNXIT
by Happy_Candles_Investment
Endurance Tech - Amazing 2 Cups of Morning Hot CoffeeYesterday after market close - we published chart of Nifty IT stating the IT Sector would snap the 5 day Fall and would bounce back today Reasons for IT bounce: Double Top neckline Support (not broken) 2 support lines from the Gap Up candle (one support at top of Gap and one at bottom) Good rejection seen from DT neckline + both ends of Gap - and price closed just above the Support lines Overall Indian markets turned bullish across all sectors despite weak Global cues from US, Europe & Asia Today - as predicted, NIFTY IT index rose 1.35% in the morning taking all IT stocks sky high Endurance Tech: Double Cup & Handle Pattern (one on Weekly & one on Monthly) gave me the Morning Boost of Caffeine already :) Monthly: Large Cup & Handle (Slanting) with BO above 2350 and Target 3800 Weekly: Inside the larger Handle - on weekly scale another Cup & Handle was formed and BO already done 2 weeks ago with target of 2450. Today's rejection is from the Larger C&H Trendline - which is also expected. One Cup of Coffee done - another one pending :) Keep holding your winners. Remember - we (Stocks-n-Trends) are NOT SEBI registered entity and our focus is not to provide calls. We rather Teach you how to use Technical Analysis to make money yourselves. Learn to Ride the Tide whatever be its Side :) - Team Stocks-n-Trends
NSE:CNXITLong
by Stocks-n-Trends
Decoding the Mystery Behind Dec 20 Fall - The SummaryThere are few more sectors - but I think the above 8 analysis would have given you clarity of what's going on When ALL Sectors face their individual Resistances together and everything starts to fall - it Attracts People's attention and Triggers PANIC causing much bigger Fall. This is Technical Analysis - Undisputable - No Stories - No Assumptions - No Covid - No Santa. If you learn it - you can predict it and save your money. Don't sell your positions now as it has already gone down badly. But next time, when all sectors "Kiss their Resistances and your stocks are at Peak - Book Profits and Wait" If you Truly want to Beat the Market - Master the Analysis first Hope you all like my Analysis and its clear and understandable to all. The cumulative action of Resistances across sectors caused Retailers to see a mass Red activity across the board and triggered PANIC Selling FIIs and DIIs cashed in the opportunity like a Christmas cake 🍰🍰🍰 We were just manipulated. The market will rise soon and whoever sold off the positions would learn the trick Please do Share your Valuable Feedback / Comments (even if you don't agree - let me learn something from you) 🙏🙏🙏
NSE:CNXIT
by Stocks-n-Trends
Index Study of the week - IT IndexThe index we will study and try to analyse this week is IT Index. Having look at the chart we can understand that IT Index is trying to give a major trend line breakout. If the IT Index can give a closing above 33449 next week what looks probable is a decent come back in large cap IT stocks. The IT Index made a bottom near 26192 and has been consistently moving positively since April 23. It got a much needed correction between September 23 and October 23 but is again trying to move positively after having take support of 50 Weeks EMA during end of October 23. The range between 33449 and 34298 will prove to be a major hurdle but once we get a closing above both levels IT index can see a major move in the next few months leading to General election in April/May 24. The up move can be around 10 to 20% in the next 6 months to 1 year. Somewhere in the range we might also see a support retest / consolidation / reversal but overall correction phase in It index seems to be over for now. In order to capitalize on the future probable move in the IT Index One can have a look at the companies which constitute this index. Some of which are: Infosys, TCS, HCL Tech, Tech Mahindra, Wipro, LTIM, Mphasis, Oracle and Coforge. Amongst these companies you can select the companies that gave great result and are looking good in Techno-Funda Evaluation. To learn more about Techno-Funda evaluation of the company you can contact me and follow our content on our other Social Media Accounts/Tradingview.
NSE:CNXITLong
by Happy_Candles_Investment
Nifty IT sector more upside pending On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:CNXIT
by JaiPrakashShuklaHarmonicTrader
1