Nifty IT Will it Break Down...... ????

Observations: For time horizon of next 1-2 Months.

Nifty IT has been trading in an narrow range from past few days. CMP : 14500 Levels

Trend : Not Sustaining at upper levels... Likely to drift down if Closes / Breaks below 14300

Strategy: Keep Selling on every rise to 14600 - 14630 Levels

View negates if closes above 146650 Levels

Options: 14200 PE looks like a profitable bet.
Chart PatternsHarmonic PatternsNIFTYniftyitniftyitshortTrend Analysis

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