July 25, 2010

CNX IT Chart Technical analysis

CNX - IT DAILY CHART
  • CNX - IT Chart is showing sideways consolidation after its big Up trend that started around 2000 area.
  • One closer look at the chart shows a possible shorting opportunity. The index is trading near its supply zone of 6200 on closing basis. 
  • One can go short at around 6200 area with a stop loss of 6235 on closing basis.
  • NIFTY WEEKEND ANALYSIS

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