ICICI Bank- Below 239- Looking for Support Zone 236-237

Below 239- Bank could travel in the zone 236-237 but not much left downside as momentum is slowing down likely if it bounces above 240 later from the fall that could be seen as a recovery in the bank & we could see it travelling into 255-257 zone ((ii))-((iii)) wave is retraced 38.2%- This is just an assumption so let us wait for the market to show us the way out.

What we are looking next is support in the zone 236-237 zone. Which was earlier demand zone.

Trade active:

17:58 Hrs 17th Oct2016

ICICI Bank- Up -Up & Away. Opened at 246 & made a high@259.90 as expected 260 from earlier updates.