Bank Nifty as of 10th Jan 2020

Bank Nifty Spot -

If current up move is 1st wave from 30903 as -

1.  30903 -> ?
     i.   30903-31350=447
     ii.  31305-31051=204
     iii. 31051-32345=1294
     iv.  32345->32040(23.6%)/31851(38.2%)     -  done@31955???
     v.   31955->32296(23.6%)/32506(38.2%)/32847(61.8%)

Either 1.iv finished @31955 or only 'a' & 'b' are done. If  ivth still in progress( staying below 32200 -61.8% of  'a') then 'c' might target 31850+/- (31744 if a=c).


Long above 32220. Short below 32050, confirmation below 31990.

Bank Nifty Future -