MTECHTIPS

MTECHTIPS:-CNX IT

The Technology index witnessed a session of profit booking, in early trade as the markets dipped under pressure. But some recovery was seen in the final hours and the index managed a close above 6100 levels. The levels around 6050 will  act as strong support zones for the index,  and if these levels are broken we may soon witness the index testing 5950 levels also. The CNXIT if manages to break out and sustain above the  6200 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 positive for the day.