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MTECHTIPS:-CNXIT
The Technology index witnessed another negative trading session, on the back of selling in the technology stocks. The index managed to hold above the 6200 levels. Very strong support around 6180 levels is seen in the index. On the other hand sustaining above the 6300 levels in coming days will open up levels of 6450 and higher in the index. The levels around 6180 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 6100 levels again. Any break out above the 6300 levels we may witness some pull back testing the levels of 6500 in coming days, but current trend is of profit booking.
The Technology index witnessed another negative trading session, on the back of selling in the technology stocks. The index managed to hold above the 6200 levels. Very strong support around 6180 levels is seen in the index. On the other hand sustaining above the 6300 levels in coming days will open up levels of 6450 and higher in the index. The levels around 6180 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 6100 levels again. Any break out above the 6300 levels we may witness some pull back testing the levels of 6500 in coming days, but current trend is of profit booking.
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