Ravi Nathani decodes trading strategy for Nifty IT, auto; Check key levels

Quick Summary:

In summary, the Nifty IT Index appears favorable for buy-on-dips strategies, with a positive bias for near-term traders.

This lower threshold would signal the possibility of deeper corrections, emphasising the importance of monitoring these support levels closely.

The Nifty IT Index is exhibiting a bullish trend on the charts, with upward momentum suggesting the potential for gains in the near term.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Nifty it Nifty50 BSE Sensex Markets NSE Nifty50 Shares Stocks Stock calls Ravi nathani call Nifty IT Nifty IT index Stock market today Nifty auto Nse Stock call Nifty IT auto Share market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 06:26:22 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23540101

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