Bank Nifty–Decoding the move from 16670

Currently ‘C’ is underway from top of 20908. ‘B’ completed at 19229.

C(a) – is completed at 16670 and

C(b) – is in progress.

16670.55 17269.15 16.00 ‘a
17269.15 16875.50 -16.00 ‘b.a
16875.50 17569.80 16.00 ‘b.b
17569.80 17099.80 -16.00 ‘b.c

‘a done at 17269,

‘b done at 17100 and

‘c up should move towards minimum 17476 and maximum 17857. That should complete ‘a’ part of corrective (b).

tvc_1ec005407283b84f755a9d6bb489fd98

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