We were long in banknifty since a long time; I have been trying to keep an update on the levels. Now, since it is moving a bit in range since sometime, it is not showing clarity for wave counting, it could be some wedge\ending diagonal. Never mind, right now it seems bullish for 30860/31120. 30860 can be touched on Monday itself, and if opens gap up, then it might open around 30860 itself. This time will not keep big targets upside.
See my other charts for such simple analysis and highly accurate setups.
Link for previous banknifty ideas below.
See my other charts for such simple analysis and highly accurate setups.
Link for previous banknifty ideas below.
Comment:
it gaps down and breaks the support in 5 min candle itself
