NIFTYIT @ 41596 WAVE UPDATE
Here I'm using 26180 low as point of reference and marking my wave counts.
The entire up move from 26180 low is an impulsive up move but its overlapping one but because the nature of the up move is an impulsive I have marked it as 1-2-1-2-1-2 formation which means wave-3 is extending by forming sub waves. Once NIFTY IT moves and closes above 42731/43570 spot levels it will gives very clear clarity about the wave formation and close above 42731/43570 NIFTY IT opens for 49725 as part of micro wave 3rd projection and move above 42731/43750 will also give confirmation that IT stocks remains buy on dips for next minimum 2 to 3 years and max 5 to 7 years.
Here I'm using 26180 low as point of reference and marking my wave counts.
The entire up move from 26180 low is an impulsive up move but its overlapping one but because the nature of the up move is an impulsive I have marked it as 1-2-1-2-1-2 formation which means wave-3 is extending by forming sub waves. Once NIFTY IT moves and closes above 42731/43570 spot levels it will gives very clear clarity about the wave formation and close above 42731/43570 NIFTY IT opens for 49725 as part of micro wave 3rd projection and move above 42731/43750 will also give confirmation that IT stocks remains buy on dips for next minimum 2 to 3 years and max 5 to 7 years.
