Significant shift of Fii positions from Indian market
to chinese market has dragged Nifty below 25000.
Bank nifty just not faraway from violating 50000.
Recent surge in bank nifty was expanded flat.
In that case it can go below A.
The recent fall in bank nifty is C wave only.
C wave completes in 5 waves.Bank nifty has touched 23.6 percent today.
Probability of going down to 38.6 percent level is there.
Normally 4 th wave retraces 38.6 percent.
In that case also bullish ness of bank nifty will not be gone.
As long as 4 th wave does not enter in to the territory of 1 st wave.
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