Bank nifty hold 39600 ..
expecting one correction pattern upside abc structure
Expecting target 43200
Remember if any corrective structure down side dragged to 38400 level bank nifty.
Expecting upper move
First target 41200
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...
