CNXIT Index Chart

NIFTY IT

 

News

panneer.tanishq panneer.tanishq CNXIT, 15, Short ,
CNXIT: NIFTY IT Short
14 0 3
CNXIT, 15 Short
NIFTY IT Short

Nifty IT short at CMP 10430

panneer.tanishq panneer.tanishq CNXIT, 60,
CNXIT: NIFTY IT
18 1 2
CNXIT, 60
NIFTY IT

Long on Nifty IT. when Pull backs to support area. Daily Uptrend weekly Uptrend

dhanrajvarshney dhanrajvarshney CNXIT, D, Short ,
CNXIT: Cnx it has shown breakout in trendline...
1 0 1
CNXIT, D Short
Cnx it has shown breakout in trendline...

result session will start with some infosys after the new guide lines in oct'16 and trump win in usa ... let's see what will happens in IT in india

TangoTrader22 TangoTrader22 PRO CNXIT, D, Long ,
CNXIT: Long for ATH above 13000
70 0 2
CNXIT, D Long
Long for ATH above 13000

Nifty IT is following the textbook EW pattern. We are at the beginning of a fresh impulse of the last cycle wave 5. This wave should take us to all time highs. On smaller time frame we have already finished wave 1 of 5; obviously the next impulse (w3) would be much sharper. https://www.tradingview.com/x/5GaIE6l5/ Index is susceptible to political news from US, ...

narulalatesh narulalatesh CNXIT, W, Short ,
CNXIT: NIFTY IT short
4 0 0
CNXIT, W Short
NIFTY IT short

Short the Nifty IT looking weak , may test 9890 in coming days .

tushargupta1991 tushargupta1991 CNXIT, D, Long ,
CNXIT: Nifty IT underperformer till now..
40 0 2
CNXIT, D Long
Nifty IT underperformer till now..

Nifty IT is the only index that has not started any strong up move till now. A move above the 0-B trendline could kick off it's uptrend following which some IT stocks (like HCL) can be bought too. A strong up move should start soon as we're already near 76% retracement. Otherwise it could make a new low negating this setup.

tushargupta1991 tushargupta1991 CNXIT, D, Long ,
CNXIT: Bullish on CNX IT
9 0 2
CNXIT, D Long
Bullish on CNX IT

CNX IT possible count. If this count is correct, an impulsive move to the upside should start.

NeeteshJain NeeteshJain PRO TECHM, W, Short ,
TECHM: TECHM Weakening ( in Wave C Momentum)
64 3 5
TECHM, W Short
TECHM Weakening ( in Wave C Momentum)

As per my observation, the stock looks weak and so as IT looks weak too. I believe Tech Mahindra is in its third correction wave, in which 5th impulse wave in progress as per the elliott wave theory. Preferable Risk and Reward Ratio

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