Bank Nifty Spot -
Bulls trying to cross 21400 and bears trying their best to keep them below this number. So staying above 21400 is critical for bulls for further up move. Below 19750, scenarios will favour bears.
Looks like a five wave up move is in progress from 16118 as -
1. 16118-17635
2. 17635-16638
3. 16638-21451
4. 21451-> 19612(38.2%)/19004(50%)/18477(61.8%)
If 4th still in progress and 'a'/'b' are done; 'c' can target as -
a. 21451-19719=1732
b. 19719-20593
c. 20593->18861/18199
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