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#Banknifty directions and levels for JAN 11th.

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Chart Patterns Elliott Wave BANKNIFTY bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftytrading bankniftylevels bankniftyintradaylevels
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harmonicpatterns chartpattern elliottwaves banknifty bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftytrading bankniftylevels bankniftyintradaylevels
#Banknifty
Banknifty still has a bearish sentiment, but here also, if the gap-up sustains, we can expect further pullback continuation. On the other hand, if it rejects around the 38% (immediate resistance), or if the initial market declines, then it might turn into a range market. Structurally, it might break downside. But we could wait for the proper breakout, either upside or downside, and then we can enter a breakout trade.
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