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NIFTY IT Share Price Target - Tomorrow, Next Week & Next Month

NIFTY IT

Company LogoSymbol: CNXIT
Price: ₹34,598.55
Exchange: NSE
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NIFTY IT Recent Performance

Over the past 26 trading days, the value of NIFTY IT's stock has increased by ₹1649.91 (+5.01%). On 10 May 2024, one share was worth ₹32948.64 and by 14 Jun 2024, the value jumped to ₹34598.55. During this period it created a highest high of ₹35248.10 and lowest low of ₹31320.15.

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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NIFTY IT Recent Daily Close Chart

Chart: NIFTY IT Share Price Target - Tomorrow

NIFTY IT Targets For Tomorrow Chart

The line chart displays the NIFTY IT daily closing prices for the past 26 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 14 Jun 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, 17 Jun, 2024!

NIFTY IT's LevelsValueReason/Importance
Tomorrow Target 335845.30 (+3.6%)Price Action: Feb 2022 High
Tomorrow Target 235464.02 (+2.5%)Technical Indicator: MA150
Tomorrow Target 135016.39 (+1.2%)Price Action: 12 Jun 2024 High
Current Price34598.55NIFTY IT's 1 share price as of Fri 14 Jun 2024
Stop Loss 134505.89 (-0.27%)Price Action: 12 Jun 2024 Low
Stop Loss 234360.64 (-0.69%)Price Action: 10 Jun 2024 Low
Stop Loss 334136.25 (-1.34%)Price Action: 28 May 2024 High

Summary: NIFTY IT Share Price Prediction For Tomorrow

Fri 14 Jun 2024: NIFTY IT finished the day at ₹34598.55, losing ₹-303.50 (-0.87%) in 1 day.

In summary, our analysis of NIFTY IT for tomorrow predicts a rise of 1.2% to 3.6% with three potential targets T1: ₹35016.39, T2: ₹35464.02, T3: ₹35845.30 and Stop-Loss (SL) at SL1: ₹34505.89, SL2: ₹34360.64, SL3: ₹34136.25.

Additionally, we've identified a support level at ₹34568.85 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹35035.69, 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 26 trading days, the stock has jumped 5.01%, indicating it could be a good option for trading or short-term investment. During this period, its price fluctuated between 35248.10 and 31320.15.

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

NIFTY IT Targets For Next Week Chart

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 LevelsValueReason/Importance
Next Week Target 335744.00 (+3.31%)Fibonacci Extension Level 150%
Next Week Target 235242.23 (+1.86%)Custom Fibonacci Extension Lvl 64.9%
Next Week Target 134832.61 (+0.67%)Custom Fibonacci Extension Lvl 23.6%
Current Price34598.55NIFTY IT's 1 share price as of Fri 14 Jun 2024
Stop Loss 134505.89 (-0.27%)Price Action: 12 Jun 2024 Low
Stop Loss 234136.25 (-1.34%)Price Action: 28 May 2024 High
Stop Loss 333769.89 (-2.4%)Price Action: 27 May 2024 Low

Summary: NIFTY IT Share Price Prediction For Next Week

As of Fri 14 Jun 2024, NIFTY IT share price stands at ₹34598.55, losing ₹-571.34 (-1.62%) in this week.

In summary, our analysis of NIFTY IT for next week predicts a rise of 0.67% to 3.31% with three potential targets T1: ₹34832.61, T2: ₹35242.23, T3: ₹35744.00 and Stop-Loss (SL) at SL1: ₹34505.89, SL2: ₹34136.25, SL3: ₹33769.89.

Additionally, we've identified a support level at ₹34360.64 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹35167.75, 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

NIFTY IT Targets For Next Month Chart

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 LevelsValueReason/Importance
Next Month Target 336451.15 (+5.35%)Price Action: Feb 2024 Low
Next Month Target 235845.30 (+3.6%)Price Action: Feb 2022 High
Next Month Target 135464.02 (+2.5%)Technical Indicator: MA100
Current Price34598.55NIFTY IT's 1 share price as of Fri 14 Jun 2024
Stop Loss 134360.64 (-0.69%)Price Action: 10 Jun 2024 Low
Stop Loss 233998.40 (-1.74%)Technical Indicator: MA200
Stop Loss 333615.35 (-2.85%)Price Action: 23 May 2024 Low

Summary: NIFTY IT Share Price Prediction For Next Month

As of Fri 14 Jun 2024, NIFTY IT share price stands at ₹34598.55, gaining ₹2212.46 (+6.83%) in this month.

In summary, our analysis of NIFTY IT for next month predicts a rise of 2.5% to 5.35% with three potential targets T1: ₹35464.02, T2: ₹35845.30, T3: ₹36451.15 and Stop-Loss (SL) at SL1: ₹34360.64, SL2: ₹33998.40, SL3: ₹33615.35.

Additionally, we've identified a support level at 34568.85 — think of this as a safety net where the price might stop falling and there's also a resistance level at 35248.10, 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.

Show Methodology We Use

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.

For more insights into NIFTY IT, explore these additional resources:-

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.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter