CNX IT may today break above the 200-day average: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com shares his views about the CNX IT.

ET Now: What is the call on CNX IT?

Mitesh Thacker: Today there are clear signals that we might actually break above the 200-day average for CNX IT. So traders should wait once the index gets beyond 6260. IT closed at about 6210 yesterday. So buy above 6260 on a breakout above significant supply zone and keep a stop of about 1% to 1.25% at 6190. I would look for minimum targets of 6450 over here.