RUDRA007

Bank nifty good short candidate

Short
NSE:BANKNIFTY   Nifty Bank Index
Bank nifty spot cmp 24700
Elliot wave theory
Index is on verge to complete 5 impulse wave of impulse phase,, soon corrective phase might would unfold and lead price to wards 23000 to 22000 levels,, RSI is making bearish divergence..
Can be short around this levels
view gets violated above 25400 on closing basis
down side 23000,,22000 possible..

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