Monday, March 23, 2009

IT Sector - readying to outperform .... again !!

The IT sector index seems poised for a upward momentum as suggested by the price charts. The following is the analyzed chart of CNX IT INDEX (evaluation date Mar 20 2009).

You will note that it is a weekly chart and hence targets may take a few months to achieve.



I would suggest a detailed analysis of IT stocks for the coming days - Infy, Wipro and TCS and TechM look promising

CA Rajiv D Khatlawala,
Head of Research,
Jhaveri Securities Ltd.
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1 comment:

Anonymous said...

Dear Sir,

Above Chart seems to be monthly H&S with neckline around 3300. So if 3300 fails is it POSSIBLE that CNX IT falls to 03 lows even after such a huge correction??

Please clarify.

Piyush Goyal.

March 24, 2009 at 10:47 AM

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