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2-scenario on BANKNIFTY, Which one is for you?

Nifty Bank Index (NSE:BANKNIFTY)  
Trade-Technique Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Wave Analysis Beyond Technical Analysis NIFTY bannifty nse india index Indices
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trendanalysis waveanalysis beyondta nifty bannifty nse india index indices
I have plotted here 2-scenario where BANKNIFTY can move beside.

What are the points to confirm the direct?
The following points should be considered while taking action.
  • find the where are low risk (stop loss) and higher target
  • down-side more preferable to keep our trades presently.
  • control price will give you hit and more accuracy to trade here.
    etc.

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Comment:
As expected downward move started by NIFTY and bank nifty. For short selling should keep stop loss as today high.
Comment:
Exactly, Nifty started to fall. :)
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