BankNifty is going higher.What will be it's next move?

26 במאי 2023

BN is rising higher after making yesterday's low of 43390 which was probably a A-B-C correction of 3rd wave move forming the end of 4th wave. Though it's not corrected as I expected for 43000 level (approx 23.6% of normal correction of 3rd wave), it has actually corrected as per wave theory where C=A and B went near about top of A. So, it's correction has completed and we would expect it to cross it's life-time high of 44152 in coming days, may be start of next week.

Thank you for viewing my analysis and agreed with me. Market is frequently changing its move and wave structure. Market is supreme and so we need to change our view frequently.