Update : CNXIT up 260 points at 11,022 at 2.15 pm today.
CNXIT has today moved up by 1.88% to 10,965 to move closer to our target of 11,200 predicted by us in our post Is the Worst Over for Tech Stocks ? of June 25,2014 . The CNXIT had earlier corrected to 9,700 and we had indicated this to be an opportunity to get into IT stocks which are in a long term bull phase. CNXIT has already given a return of 13% in 2 months.