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MTECHTIPS:-CNX IT
The Technology index witnessed another positive session as technology counters witnessed strong buying from lower levels and closed the day with strong gains on a positive day. If the CNXIT manages to hold above the current 5900 levels we may witness a gradual retesting of 6100 levels in the index in coming sessions. The CNXIT will continue to have strong support at lower levels around 5800 holding above will open up the levels of 6000 soon. But any decline in the index will test the supports of 5600, holding below will open up levels of 5400 and below in coming days. The index is still in a negative terrain, but if it manages to hold strongly at current levels we may witness more positive sessions in coming days.
The Technology index witnessed another positive session as technology counters witnessed strong buying from lower levels and closed the day with strong gains on a positive day. If the CNXIT manages to hold above the current 5900 levels we may witness a gradual retesting of 6100 levels in the index in coming sessions. The CNXIT will continue to have strong support at lower levels around 5800 holding above will open up the levels of 6000 soon. But any decline in the index will test the supports of 5600, holding below will open up levels of 5400 and below in coming days. The index is still in a negative terrain, but if it manages to hold strongly at current levels we may witness more positive sessions in coming days.
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