Banknifty today started wave 3 which clearly visible with bullish candlea getting formed tomorrow gap up most likely to happen.
Internal iii of 3 looks to retraced 0.382 fibonacci which is irregular correction on 5 min chart.
Internal Wave iii of 3 reached 1.618 fibonacci level which was day high. So now wave v of 3 likely to go 100% or more of i+iii
Wave 3 most of the time 45% goes 1.618 fibonacci extension level which is at 37200.
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