In this 1hour chart of Banknifty
wave (c or iii) started from 23613. And in this wave (i), (ii), (iii) and (iv) is completed at 25773, 25142, 29031 and 27703 respectively. wave (v) is completed at 29784 OR running as Ending Diagonal
In short if Bank nifty
has to fall then it should not cross 30540. Even if it touches 30541 then we will see much higher levels.
And if unable to cross 30540 then it can decline in 28643-27682 range.