Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
NIFTY IT

Nifty IT Outlook for the Week (June 17, 2019 – June 21, 2019)

EquityPandit’s Outlook for NIFTY IT for the week (June 17, 2019 – June 21, 2019):

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on positive note gaining +158.35 Points +0.98%

Technically on the daily charts we see minor support on the downside for index lies at 15900 levels, whereas minor resistance on the upside is capped around 16350 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 15400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16700

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 16700 on upside and 15400 on downside.

 

 

Get Daily Prediction & Stocks Tips On Your Mobile