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Check Nifty I.T. Index Full Analysis At Unicorn Signals
NIFTY IT Weekly Outlook and Analysis:
For the Week: (April 11, 2022 – April 15, 2022)
Check Nifty I.T. Index Full Analysis At Unicorn Signals
NIFTY IT Index closed the week on negative note losing 948.95 points 2.61%.
Weekly High: 36,813.10
Weekly Low: 35,219.65
Weekly Close: 35,394.45
Weekly Support & Resistance For Nifty IT Index:
| RESISTANCE 2 | 37,402 |
| RESISTANCE 1 | 36,398 |
| SUPPORT 1 | 34,805 |
| SUPPORT 2 | 34,215 |
Technically on the daily charts we see minor support on the downside for Nifty IT index lies at 34800 levels, whereas minor resistance on the upside is capped around 35900-35950 levels.
If Nifty IT index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 33800 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 36800.
Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish. Equity Pandit’s analyst predicts range for the week is seen from 34000 on downside and 36700 on upside.
