SPX5000

Possible Elliot Wave Analysis - Nifty Bank

Long
NSE:BANKNIFTY   Nifty Bank Index
Nifty Bank under performed Nifty during the Oct- Nov period,but Nifty Bank correction was much shallow compared to Nifty. Now that both have almost caught up we could see both indices move in tandem from here on. Nifty Bank could be making a bottom closer to 25,100 for further rally from tomorrow. The minimum target on the upside could be 25,800 which could extend much higher as well.

Good Luck !!!
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