When bank nifty was out performing nifty IT was exhibiting little bounce.
It is now declining impulsively.
please see the retracements that it exhibited during its down fall(1st retracement was 61.8percent where as 2 nd retracement was only 38.6 percent)
Posiible targets of this shown in the chart.
if such declines take place what will happen to IT stocks?
Please go through my recent posts of bank nifty.
most of them well at the target.
Please observe for the levels for nifty IT in coming days.
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