Nifty IT index shows bullish trend on charts; check trading strategy here

The Nifty IT Index is currently exhibiting a bullish trend on the charts, driven by a sharp rally in the near term. This rally has brought the index close to its significant resistance levels, which are expected to be between 42,300 and 42,800. As the index approaches these resistance levels, there is an increased likelihood of consolidation, suggesting that the upward momentum may pause temporarily.