BANKNIFTY: A Temporary Top for a Zig-zag correcton

The current fall looks like a five wave structure which suggests that banknifty is preparing itself for a zig-zag correction. One should buy the banknifty on dips for a bounce till 40500-40800 zone & later we can sell with SL of 41800 for downside targets of 38000-37800.

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