Bank Nifty is again moving in very narrow range.
Hourly chart shows corrective wave (C) is in progress and still can go up-to 18500/18550(Blue Channel Upper Line). Wave (C) looks like terminating in triangle pattern(probably ED). In that case we may see sharp down fall towards 18100/18000. If it brakes 18500/18550 then it can reach 18700.
On Daily chart possibility of down move as 5th wave still looks valid as Up move from 17607 is taking corrective A-B-C pattern.
Inside Pitchfork(IP): Index broke upper 0.5 SD line and may reach upper end of IP i.e. 1 SD line
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