Nifty IT looking for breakout , Auto to underperform; trading strategy here
By
Binu Mathew
The NIFTY IT Index is currently trading at 35,406.55. In the near term, the index is range-bound on the charts, with a defined trading range between 35,190 and 35,600.
A close above or below these levels would result in a breakout, and the index is expected to follow the direction of the breakout. If the index breaks above the higher range level of 35,600, the next resistance levels to watch would be 35,900 and 36,500.