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CNX IT INDEX Trading Tips, Technical Analysis Chart -CNX IT INDEX facing strong trend line resistance around 10425, If closes above then bulls to take IT Index further up. (Updated for 30th July 2014, Wednesday).


CNX IT INDEX




  • CNX IT INDEX in a strong up channel formation as shown above in chart no.1, this indicates as long as stock moving in a up channel it will favor bulls.
  • Daily chart also indicates Index is now facing strong trend line resistance around 10425, If index closes above 10425 and stays above then bulls to take IT Index further up.
  • If Index closes above 10425 and stays above then will find next strong 261.8% fibonacci retracement resistance around 11050. Close Watch.
  • Click here to see all the reports (tips) published by us on CNX IT INDEX (as per technical analysis point of view).




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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.