SL for the current up move is 21,022 (low of wave 4)
The current up move wave structure seems to be completed at 22077.
We now expect an ABC correction, which should not break the support of 21,022.
The index might take a pause for a couple of days before resuming the upside journey.
Positional Long SL is 20600.
Note:- Overall today BN up by 370 points i.e. 1.74% and OI down by 83,251 (-4.57%).
Indicating short covering.
#banknifty
The current up move wave structure seems to be completed at 22077.
We now expect an ABC correction, which should not break the support of 21,022.
The index might take a pause for a couple of days before resuming the upside journey.
Positional Long SL is 20600.
Note:- Overall today BN up by 370 points i.e. 1.74% and OI down by 83,251 (-4.57%).
Indicating short covering.
#banknifty
