Some bounce.

Some respite.bounce has been observed at wave w=x
bank nifty has to take out 47849 decesively for some
further up move to take place.
main concern bank nifty has violated 1 st week low.
first week high is now difficult to violate.
we cann't defenitely tell that correction is over.
Traders normally do avoid this wave to trade.
Bull market is intact.
inflation datas of US and India likely to drcide the course of the market.
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