Short view for BANKNIFTY with exact channel.

Banknifty opened at the resistance of (3) wave 27701 nearby which is at value high. This resistance pushes it toward the control value at 27463(gravitating) and (4rth) wave at value low. Looking at it seems that short declining wave can start for the target.

Above all levels are for a spot.
BANKNIFTYindiaNIFTYniftyshortnsePivot PointsSupply and DemandSupport and Resistance

Disclaimer