Bank Nifty futures formed a low @ 34123 in Dec21. In the last week of Dec, it came close to this low @ @ 34264 and bounced back sharply. BNF completed a 5 wave impulse downward movement @ 34123. It is now in a corrective wave and presently in Wave 3 of this correction. BNF could attempt a pull back to 0.618 fibo level of the entire down move from 41820 to 34123. We can expect a pull back to 38850 in this month