Bank Nifty: Countdown

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On the larger timeframe there is another pattern sitting near the previous high made by BN, I ll update it in the comments.

Regards

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So the 5th is about to begin with a bang..the gap. Let's see how this one proceeds.
All the best for this week.

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yesbank looking strong so far.

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I am outta YesB..its good to packup in strength.

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LT looks weak as of now but 1378 can be a turning point. Its up to us, which direction we like to play. Do some experiments and learn well.

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LT paid quick six points in pocket.
Enjoy.

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HindUni can show strength in case of positive move in Nifty.
CanBank may show weakness in case index goes lower.

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Read the above comment in relative terms means out-performance and under-performance.

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I am not too optimistic about this BN EWcount now. Potential 4th has gone too deep into the 1st leg so it can be said that morning bang was a the high of a 5th which is truncated short.
Leaving besides EW, we are near a critical level of 26213 in BN as we are at 10638 on Nifty. If both indices break these levels then bearishness might rule once again.
Thanks for ur support.