Case 2nd in NIFTY IT wave analysisCase 1st can be found here
Case 2nd: If you see the market goes below 32438.25 means the wave-C is itself as a complex correction and the market will go down more, this view will remain same until the market goes above the 36815. Chances are very high that the wave-C will be a complex corrective pattern. If you have any question you can ask.