#Banknifty Directions and levels for June 18th.
The Bank Nifty structure looks like an ascending triangle, meaning the 4th correctional wave. If the market breaks the previous high, then we can expect the 5th impulse (rally). The minimum we can expect is 50347. If the market breaks or consolidates, then the rally will likely continue.
Alternatively, if the market doesn’t sustain the gap-up or if it rejects around the previous high, then the triangle may continue further.
Alternatively, if the market doesn’t sustain the gap-up or if it rejects around the previous high, then the triangle may continue further.
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