What I feel banknifty is making abc after its all time high. It may have completed (a) wave down and a and b leg of (b) wave its going for c wave of (b) wave, it can reach 40k+ if c =a.
This chart is not for any trading purpose.
Please like if you agree with my analysis.
Regards
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guys bottom of b is invalidation...we might be in 2nd wave of C...that will be completed around 39178-80 levels....