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Nifty IT

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Nifty IT Index (NSE:CNXIT)  
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NSE:CNXIT   Nifty IT Index
Trend Analysis Harmonic Patterns Technical Indicators niftyit INRUSD
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trendanalysis harmonicpatterns indicator niftyit inrusd
It has bounced from an extremely crucial monthly Ichimoku (Kumo) support. If it were to be held then all time frames suggest a consolidation between 14000-12500 would be likely. However, if it does not hold then the next major support is a Bullish Harmonic Shark at 10000. $:INR showing signs of exhaustion currently is a big issue with the sector.
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