MTECHTIPS:-CNX IT
The Technology index witnessed a session of positive trading, and the technology index closed well above the 6200 levels, we expect the index to face stiff resistance around the 6240 levels in coming sessions. The levels around 6100 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 6000 levels also. The CNXIT if manages to break out and sustain above the 6240 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains range bound for the day.
The Technology index witnessed a session of positive trading, and the technology index closed well above the 6200 levels, we expect the index to face stiff resistance around the 6240 levels in coming sessions. The levels around 6100 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 6000 levels also. The CNXIT if manages to break out and sustain above the 6240 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains range bound for the day.
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