UNDERDOG-29

NEARING END OF WXY FLAT CORRECTION

Long
NSE:BANKNIFTY   NIFTY BANK
CONSIDERING CURRENT CORRECTION AS AN REGULAR FLAT,WE ARE IN A WAVE Y AND SUB WAVE 4.I AM EXPECTING ANOTHER DIP IN BANK NIFTY AS REGULAR FLAT PANS PUT IN 3-3-5 PATTERN.PRICE WISE TARGET FOR REGULAR FLAT CAN BE 100% OR 123.6% EXTENSION OF WAVE W FROM WAVE X.HENCE ON THE DOWN SIDE FOLLOWING LEVELS ARE IMPORTANT.BUYING CAN RESUME FROM THIS LEVELS.

33450(100% EXTENSION OF WAVE W)
32725-50( 61.8% RETRACEMENT OF IMPULSE WAVE 5 AND 123.6% EXTENSION OF CORRECTIVE WAVE W)

PERSONALLY I THINK CHANCE OF HITTING 32725-50 ZONE IS HIGHER AS PREVIOUS PEAK WAS ALSO AROUND SAME LEVELS.

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