Nifty IT index is ready for a bounce of an X wave followed by completing of A,B & C , Patten and Move towards complex correction .
Bounce of minimum . Green to yellow line ( as mentioned above picture Fibonacci retrcment) .max to max bounce of 37100.
Make long position in IT index as per SL of 27700
Risk 2.20% on down side
Reward 15.73% on up side (positionly...
In the broader view the NIFTY is making a Head and Shoulder, Right shoulder is under construction.
It also seems the nifty has completed the A wave and we will go for B wave and the targets may be
around 17858.
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