HDFC bank may fall further to 2070 levels, It has just finished a second Impulsive (B) wave according to the Fibonacci and Elliot wave analysis, Thus Dragging down bank Nifty too with it.
Possible Move for Nifty Tomorow 04/01/2018.
In the 30 Minute chart Nifty is still making a beeline towards completing the correction of WAVE (C) at 10612 or 10537. It may then start an impulse wave towards Wave (D) at 10667.70. It may test resistance and head downwards completing the Wave (E) cycle at 10550. This may last up to two trade days perhaps?
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