Hi, am strong follower of Elliot Wave as it predicts trend of the market. Recently it has completed its 5 impulse wave and is now completing its 3 correction wave. Currently it has completed it 1st correction wave (A) and now in process of completing 2nd corrective way (B) which has a target of 41,000. One should go long in Bank Nifty with a target of 41,000 and keeping stop loss at 37,000.