CNX IT

CNX IT is moving between 12000 to 10700 . Now since it has reached 12000 there are chances that it will come down to support zone . It companies are expected to face selling pressure . Long position holders are advised to book profit . 

Bank Nifty

Bank Nifty is moving within a ascending channel . It has reached upper part of the channel and has formed inverted hammer which is a bearish sign . Correction is likely to happen .

Nifty is likely to correct in coming days lead by Banking sector . For trade initiation look for previous post .