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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.

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