Banknifty

The global market indicates a positive start. market nature is slightly bullish. market may start with a gap-up. After the gap-up market sustains, it will reach major key levels. and also all are major rejection levels, so there market rejects, then it will retrace min 38%. on the other hand, if the initial market rejects sharply, then we will expect a correctional wave(5-wave structure). It should break fib level 38%.