Nifty IT Outlook for the Week (Nov 09,2020 – Nov 13,2020)

Weekly Low: 20,548.30.

Weekly Close: 20,916.85.

RESISTANCE 1.
21,492.

Technically on the everyday charts we see small assistance on the disadvantage for Nifty IT index lies at 20500 levels, whereas small resistance on the upside is capped around 21250-21300 levels.

RESISTANCE 2.
22,067.

CLEVER IT index witnessed profit reservation throughout the week. Index remained under pressure back of weak US hints. We anticipate side method restorative action to continue moving forward.

Weekly High: 21,595.80.

Currently Nifty IT index is trading above 200 days rapid moving typical and recommends long term trend is bullish. Equity Pandits expert anticipates range for the week is seen from 21200 on disadvantage and 21600 on upside.

Weekly Support & & Resistance For Nifty IT Index:.

For the Week: (Nov 09,2020– Nov 13,2020).

NIFTY IT Index closed the week on negative note losing 606.75 points 2.82%.

SUPPORT 1.
20,444.

ASSISTANCE 2.
19,972.

If Nifty IT index breaches minor assistance on the disadvantage and closes below it, we might see fresh break down and index can drag towards major support on lower side around 20100 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards greater levels around 21700.