Nifty IT faces bearish trend on charts; should you sell? Analyst answers

The Nifty IT Index is currently showing an upward trend on the charts, with the index nearing its weekly resistance levels for this week, which are expected to be between 39,925 and 40,000. Given the proximity to these resistance levels, the best trading strategy for near-term traders would be to book profits around these levels. The market is likely to encounter resistance, and booking profits before a potential pullback can help safeguard gains.