IT STOCKS

Dear friends,

Lets look at IT index waves,Almost all indexes this time fell along with nifty . After the initial fall the indexes have shown some good replacements lets look at the wave structure.

It made a wedge and fell almost all made wedge kind overlapping wave structures distribution before collapsing .Lets take a closer look at the correction .

This abcde overlapping upmove has potential to do minimum 13000+ and maximum 13450.

Thats where a good short trade setup would emerge i think ,Lets see how this moves in coming days .