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NIFTY IT Share Price Target - Tomorrow, Next Week & Next Month
NIFTY IT | |||
 | Symbol: CNXIT | ||
| Price: ₹42,228.89 | |||
| Exchange: NSE | |||
| -> | |||
Show Table of Contents
Table of Contents
- 1: NIFTY IT Recent Performance
- 2: Chart: NIFTY IT Share Price Target - Tomorrow
- 3: Table: NIFTY IT Share Price Target - Tomorrow
- 4: Summary: NIFTY IT Share Price Prediction For Tomorrow
- 5: Chart: NIFTY IT Share Price Target - Next Week
- 6: Table: NIFTY IT Share Price Target - Next Week
- 7: Summary: NIFTY IT Share Price Prediction For Next Week
- 8: Chart: NIFTY IT Share Price Target - Next Month
- 9: Table: NIFTY IT Share Price Target - Next Month
- 10: Summary: NIFTY IT Share Price Prediction For Next Month
NIFTY IT Recent Performance
Over the past 25 trading days, the value of NIFTY IT's stock has increased by ₹2498.59 (+6.29%). On 02 Aug 2024, one share was worth ₹39730.30 and by 06 Sep 2024, the value jumped to ₹42228.89. During this period it created a highest high of ₹43299.50 and lowest low of ₹37829.10.
Below Image represents line chart of daily close price of NIFTY IT, helping you visualize how the price has changed day by day.
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Chart: NIFTY IT Share Price Target - Tomorrow
The line chart displays the NIFTY IT daily closing prices for the past 25 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for NIFTY IT shares for Fri 06 Sep 2024, see the table below.
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Table: NIFTY IT Share Price Target - Tomorrow
By analyzing NIFTY IT stock with yesterday and past crucial price points and technical indicators we derived following targets for Tomorrow: Mon, 09 Sep, 2024!
| NIFTY IT's Levels | Value | Reason/Importance |
|---|---|---|
| Tomorrow Target 3 | 43996.63 (+4.18%) | Price Action: Chart |
| Tomorrow Target 2 | 43176.28 (+2.24%) | Fibonacci Extension Level 123.6% |
| Tomorrow Target 1 | 42717.14 (+1.15%) | Price Action: 28 Aug 2024 High |
| Current Price | 42228.89 | NIFTY IT's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 42033.19 (-0.47%) | Price Action: 04 Sep 2024 Low |
| Stop Loss 2 | 41834.00 (-0.94%) | Price Action: 22 Aug 2024 High |
| Stop Loss 3 | 41603.60 (-1.49%) | Price Action: 21 Aug 2024 High |
Summary: NIFTY IT Share Price Prediction For Tomorrow
Fri 06 Sep 2024: NIFTY IT finished the day at ₹42228.89, losing ₹-415.75 (-0.97%) in 1 day.
In summary, our analysis of NIFTY IT for tomorrow predicts a rise of 1.15% to 4.18% with three potential targets T1: ₹42717.14, T2: ₹43176.28, T3: ₹43996.63 and Stop-Loss (SL) at SL1: ₹42033.19, SL2: ₹41834.00, SL3: ₹41603.60.
Additionally, we've identified a support level at ₹42167.14 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹42983.60, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
Over the last 25 trading days, the stock has jumped 6.29%, indicating it could be a good option for trading or short-term investment. During this period, its price fluctuated between 43299.50 and 37829.10.
After looking at tomorrow's share price prediction, let's now check what next week might hold for NIFTY IT.
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Chart: NIFTY IT Share Price Target - Next Week
The chart displays the NIFTY IT weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for NIFTY IT shares for next week, see the table below.
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Table: NIFTY IT Share Price Target - Next Week
By analyzing NIFTY IT stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!
| NIFTY IT's Levels | Value | Reason/Importance |
|---|---|---|
| Next Week Target 3 | 43598.35 (+3.24%) | Fibonacci Extension Level 123.6% |
| Next Week Target 2 | 42983.60 (+1.78%) | Price Action: Sep 2024 High |
| Next Week Target 1 | 42527.74 (+0.7%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 42228.89 | NIFTY IT's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 42137.08 (-0.22%) | Price Action: Chart |
| Stop Loss 2 | 41676.09 (-1.31%) | Fibonacci Retracement Extended 28.2% |
| Stop Loss 3 | 41250.61 (-2.32%) | Fibonacci Retracement Extended 61.8% |
Summary: NIFTY IT Share Price Prediction For Next Week
As of Fri 06 Sep 2024, NIFTY IT share price stands at ₹42228.89, losing ₹-558.91 (-1.31%) in this week.
In summary, our analysis of NIFTY IT for next week predicts a rise of 0.7% to 3.24% with three potential targets T1: ₹42527.74, T2: ₹42983.60, T3: ₹43598.35 and Stop-Loss (SL) at SL1: ₹42137.08, SL2: ₹41676.09, SL3: ₹41250.61.
Additionally, we've identified a support level at ₹42023.50 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹43299.50, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for NIFTY IT.
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Chart: NIFTY IT Share Price Target - Next Month
The chart displays the NIFTY IT monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for NIFTY IT shares for next month, see the table below.
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Table: NIFTY IT Share Price Target - Next Month
By analyzing NIFTY IT stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!
| NIFTY IT's Levels | Value | Reason/Importance |
|---|---|---|
| Next Month Target 3 | 44590.51 (+5.59%) | Fibonacci Extension Level 123.6% |
| Next Month Target 2 | 43732.50 (+3.56%) | Price Action: Chart |
| Next Month Target 1 | 43299.50 (+2.53%) | Price Action: 02 Sep 2024 High |
| Current Price | 42228.89 | NIFTY IT's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 41936.69 (-0.7%) | Price Action: 27 Aug 2024 High |
| Stop Loss 2 | 41406.19 (-1.95%) | Price Action: 22 Aug 2024 Low |
| Stop Loss 3 | 40927.14 (-3.09%) | Price Action: 16 Aug 2024 High |
Summary: NIFTY IT Share Price Prediction For Next Month
As of Fri 06 Sep 2024, NIFTY IT share price stands at ₹42228.89, losing ₹-558.91 (-1.31%) in this month.
In summary, our analysis of NIFTY IT for next month predicts a rise of 2.53% to 5.59% with three potential targets T1: ₹43299.50, T2: ₹43732.50, T3: ₹44590.51 and Stop-Loss (SL) at SL1: ₹41936.69, SL2: ₹41406.19, SL3: ₹40927.14.
Additionally, we've identified a support level at 42167.14 — think of this as a safety net where the price might stop falling and there's also a resistance level at 43299.50, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for NIFTY IT, we created a specific page for that check here: NIFTY IT Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on NIFTY IT short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
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Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
