banknifty in last 5th wave of wave C.. stay little bit cautious at lower level.. down side support near 49365 and 49000 Breaking of 2-4 trendline will be 1st signal of weakening of downtrend
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Banknifty as expected bounced after completing wave C(5)
now upside level gap area and trendline resistance near 51400
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high made till now 50759...
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high made till now 51025
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now downside important support is 50850-50900 breaking of which bring some weakness / profit booking
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