Nifty IT Will it Break Down...... ????
Observations: For time horizon of next 1-2 Months.
Nifty IT has been trading in an narrow range from past few days. CMP : 14500 Levels
Trend : Not Sustaining at upper levels... Likely to drift down if Closes / Breaks below 14300
Strategy: Keep Selling on every rise to 14600 - 14630 Levels
View negates if closes above 146650 Levels
Options: 14200 PE looks like a profitable bet.
Nifty IT has been trading in an narrow range from past few days. CMP : 14500 Levels
Trend : Not Sustaining at upper levels... Likely to drift down if Closes / Breaks below 14300
Strategy: Keep Selling on every rise to 14600 - 14630 Levels
View negates if closes above 146650 Levels
Options: 14200 PE looks like a profitable bet.
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