NIFTY IT: Is the Bounce Back on the Horizon?

24 Mar

📈 NIFTY IT: Is the Bounce Back on the Horizon? 🚀

Current Market Price (CMP): 37,434
Stop Loss (SL): 35,700
Target 1: 38,733
Target 2: 40,527

📊 Market Overview:
After a ~23% correction from its peak, the NIFTY IT index is showing signs of stabilization. The index has formed a small base on the daily chart and today breached a minor resistance, suggesting potential for a short-term upside.

💡 Key Insight:
With April’s quarterly results on the horizon, the IT sector may experience increased trading activity, presenting short-term opportunities.

⚠️ Caution:
The market remains volatile—smart position sizing and strict risk management are crucial for navigating current conditions.

📌 Disclaimer: Not a SEBI-registered advisor. Always conduct your own research before making any investment decisions.

#NIFTYIT #StockMarket #TechnicalAnalysis #TradingOpportunity #MarketUpdate #InvestSmart

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