Bank Nifty may reach at matured Stage soon
As per Elliott wave theory Bank nifty price currently trading in Wave (c) of second standard of corective wave pattern. Wave (c) it self five wave structure and todays price is in its vth wave of wave (c). Tomorrow is very crucial day and either side move may come. Lets see either price terminate tomorrow at current price 30550 or touch upper channel line near 32500. Any fast reversal may indicate that wave (c) has been completed and another wave (x) has been started. We expect minimum price towards 24000 level. Keep watching the crucial Junture of Bank Nifty.
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