BN has retraced fast and deeply today. Everybody was surprised about the furious downmove. I was expecting BN to pull back from 43900 level which was 50% (normal) of it's minor 1st wave of major 5th wave. But I was doubtful as Nifty has almost completed it's 3rd wave move by making an expanding triangle of minor 5th wave move and if Nifty started it's 3rd wave...
