July 11, 2015

CNX IT stocks analysed

CYIENT: trend is up with support at 540-510

HCLTECH: trading rangebound; no clear direction

INFY: trend is down; no buy signal

JUSTDIAL: trend is down from almost a year. Good support exists at 1000 levels. Some signs of buying appearing at current levels.

MINDTREE: trading in a range for 6 months. Good support at 1150. Trend reversal if support breaks.

NAUKRI: trend is down with resistance at 900 levels. Next support 780. Note that stock is rangebound on monthly charts (not posted).

OFSS: stock has recently given breakout... support below 3600 levels. Note gap between 3600 and 4000 which is being filled.

TCS: rangebound on monthly charts (daily charts are all messed up).

TECHM: trend is down... no buy signal anywhere

WIPRO: trend is down; sustaining above 570 would be bullish.

SEBI disclosure applicable

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