NIFTY IT

Nifty IT short at CMP 10430

Long on Nifty IT. when Pull backs to support area. Daily Uptrend weekly Uptrend

result session will start with some infosys after the new guide lines in oct'16 and trump win in usa ... let's see what will happens in IT in india

Nifty IT is following the textbook EW pattern. We are at the beginning of a fresh impulse of the last cycle wave 5. This wave should take us to all time highs. On smaller time frame we have already finished wave 1 of 5; obviously the next impulse (w3) would be much sharper. https://www.tradingview.com/x/5GaIE6l5/ Index is susceptible to political news from US, ...

Short the Nifty IT looking weak , may test 9890 in coming days .

Nifty IT is the only index that has not started any strong up move till now. A move above the 0-B trendline could kick off it's uptrend following which some IT stocks (like HCL) can be bought too. A strong up move should start soon as we're already near 76% retracement. Otherwise it could make a new low negating this setup.

CNX IT possible count. If this count is correct, an impulsive move to the upside should start.