Avoid IT Stocks (CNXIT Chart)

٦ سبتمبر ٢٠٢٠

NIFTY IT is on monthly trend line resistance. Please avoid holding IT stocks for upmove (Mid Term or Long term). IT looks exhausted and we may see correction coming soon. Also, to support above statement, INR will get stronger against USD in coming times and this will lead to IT companies share prices coming down.