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#banknifty directions and levels for March 18th.

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Chart Patterns Elliott Wave BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftytrend bankniftyintradaylevels bankniftyview bankniftytomorrow bankniftyintradaysetpup bankniftytrendanalysis
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harmonicpatterns chartpattern elliottwaves banknifty bankniftytradesetup bankniftyanalysis bankniftytrend bankniftyintradaylevels bankniftyview bankniftytomorrow bankniftyintradaysetpup bankniftytrendanalysis
Banknifty has a diagonal structure. So, if the market breaks the previous low, then the diagonal will continue further, and we can expect a minimum of 46197 to 45948. If it finds support there, then we can expect a minimum of 23 to 38% pullback wave.

Alternatively, if the gap-down doesn't sustain and breaks the diagonal pattern, then we can expect a range market initially, and if it breaks 47034, then the pullback will continue further.
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