tushargupta1991
Long

Nifty IT underperformer till now..

NSE:CNXIT   NIFTY IT
38 0 2
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.
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