Bank nifty has touched all time high today,after that we have witnessed selling presuure, incidentally as per channeling the wave 5 th of bank nifty almost touched the upper line of the channel(normally channel is drawn between line connecting 2 nd 4 th and parrallel line drawn through top of wave 3) In some cases the wave 5 does not touch perfectly the upper line of the channel,just remain shy of that. In no way I considered this rally of bank nifty as a bear market rally. of course my 2 targets of 5 th wave has been met,but still one more target has been left. But if bank nifty corrects from this level we should not have complaint. Here in this case wave 5 is almost equal to wave 1. But I still feel one more target is left, But who am I to decide?.market will decide that. Let us follow it deligently. But it seems some corrrection is ahead. Don't forget to like this post. follow me to get updates.