Nifty Bank Index
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Wave (5) started downwards ? - (WAVE COUNTS CORRECTED)

Wave (4) completed & wave (5) started downwards, we can expect pull back, that does not exceed 36718 (Wave 2 cannot exceed start of wave 1)
This wave is expected to unfold in 3 waves, reaching targets of 35485-35106-34716

In previous post we were expecting buying, but considering the selling happened last session second half, when i revalidated the wave counts, i felt tiny wave 3 happened downwards in last few hours of the session. This made me to post the revised chart for reference.

We always expect to get the edge in stock market and tend to change our views frequently,

NOTHING IS CORRECT IN STOCK MARKET, BUT HOW FAR ARE WE ARE CLOSE TO THE PERFECTION MATTERS IN THE END
BANKNIFTYbankniftytrendElliott Wavenifty50

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