Above shown is the Most Probable Path that Banknifty MIGHT follow in the coming days.The Forecast is done on the basis of Smart Money Concept and Elliott Wave Analysis.
Kommentar:
Seeing the current progress of BankNifty , it seems 4th wave is completed and we should be heading down to 44000 levels to complete 5th wave and then upward correction will begin.
Kommentar:
Looks like Market is currently in its 5th wave . It is taking a lot of time to complete and there is also a lot of overlapping between the price swings . So based on its behaviour , it is most likely forming an 'ENDING DIAGONAL' and it is better to exit from the SHORTS now. 5th wave will be soon completing(by Tomorrow I think).