Nifty IT possibilities onlyIt is not at all an investment idea or any advice.This is just for educational purpose.Please consult your sebi registered analyst, before you make any decisions.
CNXIT trade ideas
WAVE ANALYSISCurrently #NIFTYIT is forming wave-D of a triangle in up trend. Most probably this triangle will be a expanding triangle.
CNXIT - Long cautionNifty IT was struggling to reclaim the support trendline from earlier. Is threatening to turn down below that. Longs should be cautious
Case 2nd in NIFTY IT wave analysisCase 1st can be found here
Case 2nd: If you see the market goes below 32438.25 means the wave-C is itself as a complex correction and the market will go down more, this view will remain same until the market goes above the 36815. Chances are very high that the wave-C will be a complex corrective pattern. If you have any question you can ask.
Bearish view on NIFTY IT Expecting 28500 levelsNSE:CNXIT
Could retrace 28500 levels. Expecting a sideways correction. Bearish on weekly & monthly chart.
NIFTY ITHello & welcome to this analysis on the IT Index.
With Q4 results starting from 2nd week of April, IT stocks will once again be in limelight.
If the index can sustain above 36700 it could lead to rally till 37750-38000 where it has a line of polarity besides a Bearish Harmonic Cypher.
This continuation of bullish outlook is valid till its above 36000. Failure to hold it would take it down to 35250-34500.
Key levels to watch out on both sides 36000-36800 for a trend direction move.
IT sector predictionNow market sentimental is come down and take support and go upside...so it also that....
CNX IT - START OF A MEGA BULL RUN ??CNX IT - START OF A MEGA BULL RUN ??
Potential pull back area = 28000 / 29000.
Accumulate massively in these regions if NIFTY IT were to reach these levels. For long term.
Nifty IT IndexNifty IT Index now trade around 33400 if break out below 33400 first support 31300 and finally i expect 29300
Nifty IT Index Nifty IT Index support 33400 if break out below this lvl big fall expecting upto 29000 to 29300
Nifty IT may take support at this levelCNXIT is traveling in a channel and it got a rejection from the top of the channel we have a demand zone for CNXIT from 34453 to 33500
We are going to be bullish in CNXIT until a daily candle closes below 33500.
So we can plan swing trading in this sector and we can take long positions if get any long setup in the stocks which come under this sector but we have to wait until it enter into DemandZone.
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Nifty IT at crucial juncture Nifty IT at Make or Break level. If this level holds it can support Nifty as well.
Support Zone of Nifty IT: Good time to Accumulate Tech StocksNifty IT heading towards Support Zone. Time for Bottom Fishing of Tech Stocks.
Go through heavy weight counters of IT Sectors
Infy
NSE:INFY
TCS
NSE:TCS
Tech M
NSE:TECHM
Naukri
NSE:NAUKRI
NiftyITNifty IT
Currently in a downtrend
Suggestion: As Shown Nifty IT has always bounced back once it reached close to its 50 Day Moving Average.
Hence Expecting a Bounce back Next week in all IT Stocks
If your a risk Taker
you can Buy All the Good stocks TCS, KPIT, Wipro, BSOFT, HCL Tech Today
which is still available at a Good price & You will get Rewarded well next week.
Note: The above is only for Risk Takers and just my Suggestion.
Safe Traders only enter once there proper reversal
Happy Trading
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Expecting short sell off in IT stocksHedge longs in IT stocks and dont buy
IT stocks are in over bought condition
Expecting Banknifty to out perform from here and IT index may underperform.
IT Index re-testing the Break OutIT Index had given a major BO from the squeezing triangle. Mostly it is coming back to test the breakout. Major supports here are 37362, 37264, 37196 and finally 37125. Mostly IT should reverse from that range. Post re-testing is done IT will slowly consolidate and move towards making fresh highs above 39442. Our target of IT Index for 2022 is 40211.
NIFTY IT - Observation NIFTY IT - Observation
Watch the historic chart of IT index.
It is replicating it's historic movements.
I am expecting IT index to cool down and come near to 21 ema or become range bound for some time now.
I can be wrong as well here.
At support zone
If this support is broken expect a good downfall
Watchout for any reversal indication
