Monday, 8 October 2012

MTECHTIPS

MTECHTIPS:-CNXIT

The Technology index witnessed a day of sharp profit booking from intraday highs, and the index closed  around the  6200 levels in yesterday’s session. 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.  The technology index in coming sessions if manages to hold above the 6260 levelsagain, we may soon witness levels of 6340 and higher in the index. The technology index after testing new highs recently is witnessing profit taking, but the index should hold above the 6200 levels to stay in positive territory.

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