NIFTY BANKNIFTY cnx IT sector
This was earlier during the trading hours:
BankNifty, Nifty and IT index are in coordinated up, reverse and down move, and in the sideways.
BankNifty has been leading all the way.
IT has compounded the effect.
By the premarket levels, the max range is 30 points away from till now High.
The minimum range has been touched.
So far the move has been upto R3, and fall to S3 and below.
5724 is 200sma, which may form a support, since pre-orders would have been parked at that level.
This is only a status expression.
Being tied up in some schedules.
We will discuss when we are free.
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