Bank nifty seems to be in Wave 3 of bigger wave 5. This leads us to a target of 36624, followed by wave 4 is expected which will be till 34367. And final wave 5 would be completed with a target of 41268 which is 61% Retracement of wave 3.
Targets:-
Wave 3 – 36,624 (Green)
Wave 4 – 34,367 (Red)
Wave 5 – 41,268 (Orange)
