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Manickamtraders
Sep 27, 2022 3:11 AM

Banknifty 

Nifty Bank IndexNSE

Description

The global market indicates a positive start. Market nature is bearish to slightly bullish. Market may open a little bit gap-up. If the market breaks the previous day minor high, we will expect a minor pullback. min( nifty 38 to 50% and BN 23 to 38%. if the market rejects after that pullback, we will expect a trend continuation means, a minor 5th correctional wave. On the other hand, if the market takes consolidation after that pullback, that's a sign of pullback continuation). And second, if the market breaks the previous day low that's a sign of trend continuation.
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