30511-30251 is support range for Bank Nifty and will consider negative only if trades below 30251. wave 5 projection from 30374 is coming at 31145-31619 range.
something wrong with ur analysis 31619 is the projection and you are also saying below 30251 only it is weak.. if sone one goes short belwo 30251 short .. where will be the stop loss... above 31691 for a target of 30000
Chand6011
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@Parasuram, What he meant is the set up is invalid below 30251...but not recommending a short set up..This is wave 5 ride seLong Set up only...