As expected Bank Nifty moved down after complex correction and achieved target of 17844 (61.8% of 3-a). Low made today was 17839.
The wave 3 is looks like terminating in Ending Diagonal.
Ending Diagonal looks completed and wave 4 of Bigger ED is started. In that case we should see index moving sharply to 18300/18400 levels.
Inside Pitchfork (bigger time frame) 1 SD line provided support today.
We did saw New Low on Dec 21/22 and in my opinion this low should remain protected for coming few months.
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