Nifty I.T. Up trend continuation
Index is respecting the rising trendline support and bouncing ever time it touches the demand zone,, bullish candle formation after small consolidation,,,
MACD have given positive cross over after the retracement of last up move , indicate up trend is intact and will continue
RSI have started making higher high and higher low after the retracement from 90 to 50 levels,,
Till the levels of 29284 in not broken on weekly basis,, buy on dips can be used on I.T. sector,,
MACD have given positive cross over after the retracement of last up move , indicate up trend is intact and will continue
RSI have started making higher high and higher low after the retracement from 90 to 50 levels,,
Till the levels of 29284 in not broken on weekly basis,, buy on dips can be used on I.T. sector,,
Penafian
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