#Banknifty Directions and Levels for December 5:

the higher time-frame structure is still showing a solid bullish bias. So if today’s market turns green, we can expect a minimum of the channel top (short-term target). On the other hand, if the market breaks the current swing bottom, we can expect 100% to 127% extension targets for a minor correction. If we call that structurally a flag pattern, AB=CD pattern, or a C wave, then the implications would align accordingly.