#Banknifty directions and levels for April26.

Bank Nifty slightly differs from the sup-wave count. Even if it rejects around the supply zone, initially, we can expect only a minor correction, which may reach the 23 to 38% fib level. If it finds support there, then we can expect a range market. Alternatively, if it breaks the 38% fib level, then it may turn into a correction. Here also, the probability is very low.

An alternate variation mirrors the previous sentiment. If the gap-up doesn't sustain, then initially, we can expect only a minor correction. After that, if it finds support at 48,377, then it will reach the previous high again. On the other hand, if it breaks the level of 48,377, it may turn into a correction, but the probability is very low