Banknifty

16 Des 2022

The global market indicates a negative start. the market nature is bearish to slightly bullish. market may start with a gap-down. if the market takes a pullback around 78%, then we will expect a minor pullback that will reach min 23 to 38% fib level. At the same time that's a reversal zone, so there will we expect 5th wave. on the other hand, if the market sustains the 38% that's a sign of pull back continuation, it will reach 50 to 61% fib level.