IT stocks likely to take Nifty to 8000-8100 levels: Sandeep Wagle
"If at all the Nifty goes to 8000-8100 for the next few days or weeks, CNX IT will have a huge role to play in that."
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In a chat with ET Now, Sandeep Wagle, Founder & CEO, Power My Wealth, www.powermywealth.com, shares her views on CNX IT. Excerpts:
ET Now: Will CNX IT continue to move up?
Sandeep Wagle: CNX IT will take the Nifty to a new high. If at all the Nifty goes to 8000-8100 for the next few days or weeks, CNX IT will have a huge role to play in that. I do not see that kind of a strength in the Bank Nifty which should have been at 15700-15750 by now. Probably that will follow but CNX IT is a leader and will be a leader in the next few trading sessions.
ET Now: Stay long on CNX IT.
Sandeep Wagle: Stay long and add on declines.
ET Now: Will CNX IT continue to move up?
Sandeep Wagle: CNX IT will take the Nifty to a new high. If at all the Nifty goes to 8000-8100 for the next few days or weeks, CNX IT will have a huge role to play in that. I do not see that kind of a strength in the Bank Nifty which should have been at 15700-15750 by now. Probably that will follow but CNX IT is a leader and will be a leader in the next few trading sessions.
ET Now: Stay long on CNX IT.
Sandeep Wagle: Stay long and add on declines.
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