Banknifty looks to have completed Wave "a" 5 wave structure and currently in wave "b" which double zig zag correction towards 0.618 fibonacci level.
Short can be initiated if opens below 35533 for target 34400-300 with SL 35623
From zones near 0.618 fibonacci level 34400-300 expected to take support and bounce up as wave "c" for any of 3 targets 35000-300-450
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