we can have major direction with in short period.
If we study minutely Nifty has just retraced 23.6 percent of up move
from 4 to 5? in the chart and there is no over lapping of waves
the trend is clear here unlike bank nifty .
It is forming higher low through out.
Sectoral rotation is taking place beaten down stocks have started to bounce(adani port,adani ent )
today's pulls back of bank nifty was expected, It may resume its rally too.
It is appearing uptrend of nifty still continues unless this higher low is violated.
today it is still holding on to the imp level.
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