Nifty Above 25k, Nifty IT to BLAST! Be Ready!

Nifty is headed to lifetime high levels, Nifty IT has been bullish since past few months and can now see a sharp rally across the IT space.

The charts of Nifty and Nifty IT is picked up from the latest monthly research report that also shows long-term targets on Sensex – know more over here

 Nifty daily chart published in monthly research on 22^nd August 2024Hourly chart published in monthly research on 22^nd August 2024
Nifty IT sector
Nifty short term Neo wave outlook – Nifty short term daily and hourly charts show the low formation on 55 days time and the internal counts for ongoing up move post election low in June 2024.

We have tweaked the internal counts of the rise and it seems the trend that started from 4^th June 2024 low is still forming a Diametric pattern. Within this wave g on upside is ongoing which measures equality target approximately near 25361. This is also the Gann square of 9 levels we have been talking about earlier in our webinars and short term research report.

Nifty hourly chart – shows amazing movement as per Neo wave. The entire time cycle with Neo wave cannot be more accurate than this. Prices have already rallied on upside above 25k and is headed to the target of wave g of Diametric pattern which is at 25361 or higher.

Nifty IT sector – as published in monthly research

We have been mentioning about bullishness in IT sector over past few months and that has been playing out very well. Only a few were expecting IT stocks to perform at that time but we have shown bullish breakout possibility when the index was near 33500 levels in few months back research report. IT sector has now given a breakout and should head towards 59300 levels. Chart is shown below: 

The next page shows long term forecast of Sensex and where do we stand now! – know more here

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