Banknifty's Short-term Analysis on 15 Min Chart

23 mar 2023

Wave c is making almost 100% of wave a if it is an a-b-c correction. In that case, we may see a deeper correction to 39000 (61.8% of a-b-c) But if the bank nifty is making an impulsive move (1-2-3-4-5) then we may halt at 39850 (good support) or slightly below at 39800. Either way, a correction is evident. That's why I bought a 39500 pe yesterday. Let's see what will happen. If you agree then please leave a comment