Thursday, May 21, 2015

CNX IT to Outperform ??

The INR has been weakening against  USD lately, currently trading at  63.72 to a dollar.

A breakout above 63.75 will result in INR weakening rapidly to touch 65-68 in the coming months.

CNX IT has reversed the recent correction and in spite of various concerns about earning forecasts, is likely to outperform the market in the next couple of weeks with a target of 13,400.