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Short for 348. falling below 400 can further increase confidence
1. Intermediate wave cycle seems to have completed, and stock is up for correction, currently retraced less than 23.6% which is at 400, breaking 400 can open gates for another 13% correction till 348.
Usually it should at least retrace by 38.2% levels therefore 348 seems likely.
2. Nifty IT index is weak too.
Usually it should at least retrace by 38.2% levels therefore 348 seems likely.
2. Nifty IT index is weak too.
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