Bank Nifty Trade Setup for 12th October 2021

Bank Nifty Trade Setup for 12th October 2021
=====================================

Our first target has been achieved in yesterday's trading session and the Index has given a dot reversal from the first harmonic prz. The Index is still bullish and tests our second target (38,766) as well. But the main question is when and how ...

You guys need to remember that every impulse has a correction and we have seen both of them in yesterday's trading session. An Impulse wave in the morning session and a correction in the second trading session. The index has enough fuel to test our second target (38,766). Confirmation is above 38,500...

Trade Setup
=================
Build your long position above 38,500 for the target of 38,750 to 39,000
Short Position can consider if Index close lower than 38,000 for the target of 37,800 to 37,500