Nifty IT Index - Technical view

Nifty IT Index - Technical view 1) Chart attached in media 2) Today even in the bad market index closed on positive note 3) This is first indicator that we are just near the U turn on Nifty IT and we may start the Positive momentum in coming month 4) Also, we are near 40 RSI on monthly chart 5) Nifty IT has respected RSI 40 on monthly chart since August 2009 6) Stock on radar

7) This is not a buy/sell recommendation. Sunil Kotak (Founder of SHUBH CONSULTANCY - SEBI Registered Research Analyst| INH000015826) Disclaimer: Investments are subject to market risk please read relevant documents before investing. Past performance will not guarantee the future results. My self/may associates do not own any stock recommended here. Me/My associates/My relatives do not have any conflict of Interest in the recommended stock. Me/My associates/My relatives have not received any compensation from the Company in last 12 months. Me/My associates/My relatives do not have holding above 1% in the stock recommended. This is for Intended Recipient only.