🧠 Technical Analysis (Weekly Timeframe):
📌 Key Levels Marked:
Major Support (Black Line): ~₹30,951
Historical Support Zone (Blue Line): ~₹27,148
🔍 Price Action Insight:
Recent Pullback from Support (~₹31,000):
Price respected a historical support zone and gave a bullish reversal candle.
This zone has acted as support multiple times (2021, 2022, and now 2025).
Strong bounce suggests buyers defending the zone.
Structure:
The index recently saw a sharp correction from its peak near ₹48,000.
Now forming a possible bottoming structure near ₹31,000.
Current Price: ₹33,372.35
Up by +1.93% this week, signaling potential shift in sentiment.
Still below the previous support-turned-resistance zone around ₹36,000.
📊 Volume Observation:
Volume data not shown (marked with “!”), but price reaction at support is technically significant regardless.
📈 What to Watch Next:
✅ Bullish Scenario:
Sustaining above ₹33,000 could trigger a move to ₹35,500–₹36,000 zone.
Break above ₹36,000 could open doors for trend continuation.
❌ Bearish Scenario:
If it slips below ₹31,000 again, next major support is around ₹27,150.
That would complete a larger correction from the 2024 highs.
📌 Important Notes:
Nifty IT tends to follow cues from global tech (especially Nasdaq).
Keep an eye on macro cues, rupee movement, and Q4 earnings.
🧾 Disclosure:
This is a technical view only based on price structure and historical price action.
This is not investment advice or a recommendation. Please consult your SEBI-registered investment advisor before making trading or investing decisions.
I do not hold any position in the Nifty IT Index at the time of this analysis.
📌 Key Levels Marked:
Major Support (Black Line): ~₹30,951
Historical Support Zone (Blue Line): ~₹27,148
🔍 Price Action Insight:
Recent Pullback from Support (~₹31,000):
Price respected a historical support zone and gave a bullish reversal candle.
This zone has acted as support multiple times (2021, 2022, and now 2025).
Strong bounce suggests buyers defending the zone.
Structure:
The index recently saw a sharp correction from its peak near ₹48,000.
Now forming a possible bottoming structure near ₹31,000.
Current Price: ₹33,372.35
Up by +1.93% this week, signaling potential shift in sentiment.
Still below the previous support-turned-resistance zone around ₹36,000.
📊 Volume Observation:
Volume data not shown (marked with “!”), but price reaction at support is technically significant regardless.
📈 What to Watch Next:
✅ Bullish Scenario:
Sustaining above ₹33,000 could trigger a move to ₹35,500–₹36,000 zone.
Break above ₹36,000 could open doors for trend continuation.
❌ Bearish Scenario:
If it slips below ₹31,000 again, next major support is around ₹27,150.
That would complete a larger correction from the 2024 highs.
📌 Important Notes:
Nifty IT tends to follow cues from global tech (especially Nasdaq).
Keep an eye on macro cues, rupee movement, and Q4 earnings.
🧾 Disclosure:
This is a technical view only based on price structure and historical price action.
This is not investment advice or a recommendation. Please consult your SEBI-registered investment advisor before making trading or investing decisions.
I do not hold any position in the Nifty IT Index at the time of this analysis.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8070783030
Telegram Channel -t.me/PankajJain_EYE
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
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Subscription Plans Free : primepaisa.com/
Whatsapp @8070783030
Telegram Channel -t.me/PankajJain_EYE
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8070783030
Telegram Channel -t.me/PankajJain_EYE
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。