Bank Nifty corrected in wave iv of minor wave "a" post ED. Wave iv is probably near completion and post completion of wave iv Bank Nifty will move down to complete wave v of minor wave "a".
Wave iv is having flat a-b-c pattern where wave (a) = (b) (approx). Bank Nifty may open Gap up 18920/18950 to complete wave (c) of wave iv.
Target for wave v/minor wave "a" would be around 18600/18500 where it opened Gap Up on Jan 11.
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