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chakshu asija

Hey I am on Medial • 1m

Market Update: CNX IT – The Deciding Factor for Nifty 22,700 Breakdown For the past two weeks, I have been highlighting CNX IT as the key sector that would decide whether Nifty’s 22,700 support holds or breaks. Now, 22,700 has broken, and the market is trying to sustain below it, but every intraday upmove is being sold into due to relentless selling in Nifty IT. Major IT stocks like TCS have seen three consecutive red candles on the weekly chart, with a 21% fall from all-time highs. What’s Next for Nifty & IT? There are support levels in both IT stocks and the sector, but without a higher-timeframe reversal from discount zones, the fall or consolidation may continue. A clear reversal pattern is needed before any sustainable recovery. Why is the IT Sector Struggling? 1️⃣ Economic Slowdown: Global slowdown is reducing IT spending, impacting demand and revenue. 2️⃣ AI Disruption: Rapid AI adoption is reshaping job roles and forcing companies to adapt. 3️⃣ Geopolitical Uncertainty: Global tensions are affecting key IT export markets, leading to cautious spending. 4️⃣ Interest Rate Hikes: Higher rates make borrowing costlier, causing companies to cut back on IT investments. Key Takeaway: Until CNX IT stabilizes, Nifty will struggle to regain momentum. Watch for signs of accumulation or reversal in IT stocks before expecting any meaningful recovery. #Nifty #BankNifty

0 replies1 like

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financialnews

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Ayush

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NIFTY is up 🔥 Bullish run was spotted. Reversal expected soon. What's your prediction ?

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Deep

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Stock Market: Worst is over. Nifty futures show reversal with good volume. So probably rally or consolidation. Bottom has made.

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Rohan Saha

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The Indian economy is showing good recovery, and the USA's CPI data also looks positive. However, due to the expected tariff increases, there is still a risk of economic slowdown in the USA in the coming times.

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Technical Analysis for Nifty and Bank Nifty: Key Support, Resistance, and Market Outlook Following a four-week decline, the Nifty index is approaching a critical support level near 24,000. Ajit Mishra, SVP of Research at Religare Broking Ltd, notes

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Anonymous

Hey I am on Medial • 10m

What do you think is causing the slowdown of hiring in the IT industry?

9 replies9 likes

Rohan Saha

complicated Investor • 2m

Now the market just needs to sustain above 22800 and wait for the budget. The valuation of Nifty small cap and midcap is still very high despite the significant fall in all the stocks. There could be more correction in mid and small caps, but if Nift

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Adarsh Km

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🚨Market Alert! #Nifty in continuous decline and all eyes are now at 200 EMA support, which is normally the last hope for any corrective reversal. Below this, a further deep correction will be seen.? Is this a dip that shall be bought, or should we

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Rohan Saha

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In my opinion, many people, when they are new to index trading, often make a mistake by engaging in sector-specific trading. It would be better if they traded in broader indexes like Nifty 50, Nifty Next 50, Smallcap, or Midcap. This is because these

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