Page 4 - Nifty It
Ravi Nathani decodes trading strategy for Nifty IT, auto; Check key levels
The Nifty IT Index is exhibiting a bullish trend on the charts, while Nifty Auto is indicating that any decisive move above or below 24,250 and 23,250 levels could signal a new trend direction
 "Ravi Nathani decodes trading strategy for Nifty IT, auto; Check key levels")
Nifty IT, Auto, Pharma show weakness on charts: Here's what analysts say
The Nifty IT, Auto, and Pharma indices are all exhibiting short-term downtrends, and the technical indicators suggest limited upside potential
 "Nifty IT, Auto, Pharma show weakness on charts: Here's what analysts say")
Accenture results: Worst behind for India IT; buy selectively, say analysts
Accenture share price: While a strong recovery in discretionary demand may take a few quarters, it is unlikely to worsen further, analysts said after Q4 results
 "Accenture results: Worst behind for India IT; buy selectively, say analysts")
Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?
The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.
 "Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?")
Auto stocks may see fresh sell-off if Nifty Auto breaks 25,150, show charts
Traders should closely monitor this level, as any breach could lead to further downside, and the market might see a sell-off in auto stocks.
 "Auto stocks may see fresh sell-off if Nifty Auto breaks 25,150, show charts")
IT shares in demand; Coforge up 6% as Motilal Oswal upgrades stock to 'Buy'
The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.
 "IT shares in demand; Coforge up 6% as Motilal Oswal upgrades stock to 'Buy'")
Why brokerages are bullish on IT stocks going ahead? Check details here
"Indian IT services growth would continue to outpace the global market and other key geographies materially," said Prabhudas Lilladher
 "Why brokerages are bullish on IT stocks going ahead? Check details here")
Nifty IT index shows bullish trend on charts; check trading strategy here
In near term, the Nifty IT Index is expected to trade within a broader range of 42,800 to 41,600. A close above or below this range would likely trigger a decisive move in the respective direction.
 "Nifty IT index shows bullish trend on charts; check trading strategy here")
Kotak Institutional upgrades LTIMindtree, ups target price; stock gains 4%
LTIMindtree stock was buzzing in trade on the bourses. The stock rallied as much as 3.61 per cent to hit an intraday high of Rs 5,957 per share.
 "Kotak Institutional upgrades LTIMindtree, ups target price; stock gains 4%")
Nifty IT soars 2% amid positive US job data, rebound in global markets
The rally in IT stocks came on the heels of a major drop in US jobless claims, which fell to 233,000 for the week ending August 3-the largest decline in nearly a year.
Nifty IT, Auto eye breakout from range bound pattern; trading strategy here
The Nifty IT Index is oscillating between 38,800 and 38,000. This consolidation indicates that the index is at a pivotal juncture, where a breakout or breakdown will determine its near-term direction
 "Nifty IT, Auto eye breakout from range bound pattern; trading strategy here")
Infosys shares fall in trade on Friday amid GST notice row; check details
On the bourses, Infosys's stock witnessed a decline, falling 1.32% to an intraday low of Rs 1,828.10 per share on the NSE. In comparison, the Nifty IT index dropped 1.64% to a low of 40,038.25 levels.
 "Infosys shares fall in trade on Friday amid GST notice row; check details")
Nifty Pvt Banks & IT: Check key breakout levels, trading strategies here
The Nifty Pvt Banks Index is currently trading within a defined range of 25,900 to 25,400. A close above or below this range would act as a trigger for a directional move.
 "Nifty Pvt Banks & IT: Check key breakout levels, trading strategies here")
3 reasons why the Sensex surged nearly 1,300 points on Friday, July 26
For context, the record highs for Sensex and Nifty50 are 81,587.76 and 24,854.80 levels, respectively.
 "3 reasons why the Sensex surged nearly 1,300 points on Friday, July 26")
Cyient to set-up subsidiary for semiconductor business; stock rallies 7%
The uptick in stock price came after the company announced the strategic expansion of its semiconductor business with the establishment of a fully owned subsidiary
 "Cyient to set-up subsidiary for semiconductor business; stock rallies 7%")
Should investors book profits in Nifty IT, Auto? Check key levels here
The Nifty IT Index is poised for a correction in the near term, as technical indicators signal an overbought condition
 "Should investors book profits in Nifty IT, Auto? Check key levels here")
Sell Nifty IT on the rise; resistance at 38,350, check other details here
The Nifty IT Index is currently trading at 37,314.35. In the near term, the index appears to be range-bound, with the defined range between 37,525 and 37,050
 "Sell Nifty IT on the rise; resistance at 38,350, check other details here")
Time to buy Nifty IT on dips and sell Pvt Bank on rise? What charts reveal
The Nifty Private Banks Index is currently positioned to attract profit booking on any rise, making a sell-on-rise strategy the most suitable approach for traders
 "Time to buy Nifty IT on dips and sell Pvt Bank on rise? What charts reveal")
Nifty IT rangebound, Auto in overbought zone; target, support levels here
The Nifty IT Index is currently trading at 34,023.80, displaying a range-bound pattern in the near term
Is it a good time to book profits in Nifty Pvt Bank, IT? What charts say
IT Index is trading at 33,880.85 and is currently exhibiting a range-bound pattern on the charts. The defined range for this index lies between 34,300 and 32,700
 "Is it a good time to book profits in Nifty Pvt Bank, IT? What charts say")
