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Short Run Positive in CNX IT and Medium Run Negative

NSE_EOD:CNXIT   NIFTY IT
49 0 2
CNX             IT Daily Sentiment is negative and down for the consecutive 11 days. Possibly oversold and could bounce back in the shorter term. However last week earning results on the IT stock made the weekly sentiment to turn down. So the overall bias on the CNX             IT stocks are wait for the bounce to happen followed by a sell of as the weekly sentiment shows medium term bearishness.

More Sentimental Analysis here : http://www.marketcalls.in/futures-and-options/sector-overview-cnx-it-october-2015-sentiment-and-gap-analysis.html

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