NIFTY CNX IT GOOD LONG CANDIDATE

NIFTY CNX IT :- INDEX IS TRADING AT RISING TREND LINE SUPPORT ZONE,,AS PER ELLIOT WAVE ,, CORRECTIVE WAVE 4 OF IMPULSE PHASE MIGHT END AROUND 11000 LEVELS ,, VIEW GETS NEGATED BELOW 10400 LEVELS ON CLOSING BASIS,, IF THIS LEVELS ARE SUSTAINED ,, CAN SEE SHARP BOUNCE TILL LEVELS OF 13000-14000,,,,