#BankNifty directions and levels for July 26th.
**Bank Nifty:**
>Bank Nifty has a bearish sentiment, but RSI doesn't support that much due to the huge pullbacks. So, if the gap-up doesn't sustain, we can expect a range market between 23% and the previous low. After that, if it breaks down, we can expect correction continuation.
>Alternatively, if the gap-up sustains above the level of 23%, then we can expect a move to the 38% level.
>But Even if it takes a pullback, structurally it could be the 4th wave. So, after that pullback, if it rejects around the 38% Fibonacci level, then we can expect a correction.
>Bank Nifty has a bearish sentiment, but RSI doesn't support that much due to the huge pullbacks. So, if the gap-up doesn't sustain, we can expect a range market between 23% and the previous low. After that, if it breaks down, we can expect correction continuation.
>Alternatively, if the gap-up sustains above the level of 23%, then we can expect a move to the 38% level.
>But Even if it takes a pullback, structurally it could be the 4th wave. So, after that pullback, if it rejects around the 38% Fibonacci level, then we can expect a correction.
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