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Bank Nifty

12 Aug 2020 ‚óŹ 05:41 AM

Bank nifty developed a leading diagonal in wave 1 and the recent correction was a-b-c in wave 2 with a 38.2% retracement. Wave 3 up should be starting for bank nifty where 3=1 is at 28550. Now wave 3 itself may subdivide into 5 waves so it is possible we are only in 1 of 3. The first important resistance level will be the gap left behind at 25670

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