Nifty IT faces resistance at 43,200; should you book profits on rise?

The Nifty IT Index is currently displaying signs of nearing a critical resistance level, and the best trading strategy in this scenario would be to book profits on any further rise. This approach allows traders to lock in gains, especially since the index has already experienced a strong upward rally.

The immediate resistance level to watch is 43,200, and traders should consider placing a strict stop-loss at this level on a closing basis. A close above 43,200 could invalidate the current profit-booking strategy and may signal further upside potential, but caution is advised due to the current overbought conditions.