NSE:BANKNIFTY   Nifty Bank Index
The global market indicates a slightly negative start. After the minor gap-down, if the market breaks the previous day's high, then we will expect pullback continuation. It will reach a minimum of 50 to 61% fib level. And also that's a (C) leg, so if the market rejects sharply, then we expect a correctional wave. Or if the market takes consolidation, then it will go further. On the other hand, after the gap-down market breaks the 38% zone, then we will expect range bound market to correction.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.