Chart of the week. CNX IT

17 thg 8

IT index made all time high in Jan 22 @ 39000. After more than two and half year's consolidation it has successfully given a confirmed cup and handle breakout this week. I am recommending to long this index since long time. Henceforth Nifty IT will lead the market from front foot. One can buy IT bee's or can also make IT basket and make positions in big IT companies for good returns.

CMP - 40,800 (17/8/24)
T - 47500, 60700, 73800