Bank Nifty @ 46981.30
• As per this formation we have seen a divergence between nifty & bank nifty where nifty posted a new high but bank nifty did not. However now 48175 will act as immediate upside rest levels as long as bank nifty remains below this rest zone now bank nifty is open for downside 43990 as next immediate projection which it should hit in next couple of days.
• This view fails if bank nifty breaks upside 48175 spot levels.
Alternative-1
• In bank nifty there are many alternative open which is little bit confusing at this point so I'm not showing the wave markings because I too need some evidence to plot the wave markings but here I'm showing the levels & direction.
• In bank nifty there are many alternative open which is little bit confusing at this point so I'm not showing the wave markings because I too need some evidence to plot the wave markings but here I'm showing the levels & direction.
Don't forget to check our bank nifty option and start making profit on a daily basis.
• As per this formation we have seen a divergence between nifty & bank nifty where nifty posted a new high but bank nifty did not. However now 48175 will act as immediate upside rest levels as long as bank nifty remains below this rest zone now bank nifty is open for downside 43990 as next immediate projection which it should hit in next couple of days.
• This view fails if bank nifty breaks upside 48175 spot levels.
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