Nifty Bank Index

banknify elliot wave analysis

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can be impulsive or correction for smaller degree. larger degree is wave 4, so this may be zigzag correction or triangle first leg or combo.
Other possibility is trend change then it would be impulsive move to downwards, but chances are less.
good chance is for side ways market for coming 2-3 days if it is wave 4 and if market is falling then it is impulsive move downwards

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