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MTECHTIPS:-CNXIT
The Technology index witnessed a session of consolidation, as the index picked some support at lower levels and managed to close in positive. The index managed to close with gains above 6250 levelsVery strong support around 6230 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 a session of consolidation, as the index picked some support at lower levels and managed to close in positive. The index managed to close with gains above 6250 levelsVery strong support around 6230 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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