6
NIFTY;BANK
has given decent decline since it gave (HARMONIC;CHANNEL), breakdown below 34830 on 9th,June
After that it completed 2,Channel,Targets which were mentioned on 6th,June
Going forward, If NIFTY;BANK spot, goes above 34,100 then there could be a short term bounce, which can take index to 34,800 and 35,500
This only would be a counter,trend bounce
In medium term this index can shed, 15 to 20% from current levels
But as traders we have to deal with voletility which may persist for short term
The possiblity for short term bounce, validates only above 34,100, staying under this level will keep short term setup week
Utilize bounce to sell only, because medium term structure is considerably week
gann,insides 