The current fall looks like a five wave structure which suggests that banknifty is preparing itself for a zig-zag correction. One should buy the banknifty on dips for a bounce till 40500-40800 zone & later we can sell with SL of 41800 for downside targets of 38000-37800.
매매 수동청산
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com
INSTAGRAM-
www.instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA