Banknifty

The global market indicates a negative start. Market nature is neutral to bearish. The market may open a big gap-down. My view is that if the market breaks the previous swing low (Nifty 17468, BN 38981) then we expect correction continuation (LL LH LH formation). On the other hand, if the market retraces 78% to the immediate HDZ, we expect range-to-bound.