Nifty IT Update Smart Investors Are Watching These Levels! - 22.03.2025
Nifty IT Update: Smart Investors Are Watching These Levels! - 22.03.2025
Nifty IT Update: Smart Investors Are Watching These Levels! - 22.03.2025
Nifty IT Update: Smart Investors Are Watching These Levels! - 22.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Key Factors Affecting & Reasons
- The index is in a long-term uptrend but has shown signs of a pullback.
- The 50-day moving average at 39,743.52 is currently acting as resistance.
- RSI at 36.12 indicates weakness, suggesting a possible oversold condition.
- MACD is in the negative zone, signaling bearish momentum.
- ADX at 26.82 suggests a relatively strong trend direction.
Key Watch
- Support levels: 33,710 and 33,741
- Resistance levels: 39,743 and 42,000
- A move above 39,743 could signal renewed bullish momentum, while a breakdown below 33,710 may indicate further weakness.
Volume Analysis
- Trading volume at 186.58M, indicating active participation.
- Increased selling pressure may lead to further declines unless buyers step in near key support levels.
Dow Theory Chart Analysis & Observations
- The long-term trend remains bullish, with higher highs and higher lows.
- Short-term correction is evident, with price testing support near the 150 and 200-day moving averages.
- A break above the 50-day moving average would confirm trend continuation, while failure to hold above support could lead to deeper corrections.
Stocks to Watch
- Infosys
- TCS
- Wipro
- HCL Technologies
Market Insights: Short-Term and Long-Term View
- Short-term: The index is facing a pullback. A move above 39,743 is required to regain bullish momentum, while a breakdown below 33,710 may lead to further downside.
- Long-term: The uptrend remains intact, and corrections could provide buying opportunities for investors looking at a longer horizon.
Disclaimer : This analysis is for educational and informational purposes only. It does not constitute financial advice. Please conduct your own research before making investment decisions.
Online Stock Market Traning : Whatsapp : 9841986753
One to One Share Market Training : Whatsapp : 9841986753
RUPEEDESK SHARES
Rupeedesk Shares| Share Market Training | Intraday Training | Wealth creation
Stock Market Training for beginners,Technical Analysis on Equity,Commodity,Forex Market,Learn Indian Equity Share Market Share Market Trading Basics: Fundamentals Of Share Market Trading training, Stock Market Basics - Share Market Trading Basics,Share Market Trading Questions/Answers/Faq about Share Market derivatives,rupeedesk,learn and earn share Equity,Commodity and currency market traded in NSE,MCX,NCDEX And MCXSX- Rupeedesk.Contact: 9094047040/9841986753/ 044-24333577, www.rupeedesk.in)
No comments:
Post a Comment