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#Banknifty directions and levels for FEB 7.

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Chart Patterns Elliott Wave BANKNIFTY bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftytrading bankniftylevels bankniftyintradaylevels
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harmonicpatterns chartpattern elliottwaves banknifty bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftytrading bankniftylevels bankniftyintradaylevels
Banknifty hasn't formed a proper reversal structure; however, if it breaks the supply zone, we can expect a further rally in the upcoming session. On the other hand, if it rejects around the supply zone, we can expect a correction of at least 78% to the swing low, especially if it breaks the Fibonacci level of 38%."
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