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#Banknifty directions and levels for July 1st.

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Harmonic Patterns Elliott Wave BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftytrend bankniftyview bankniftyintradaylevels bankniftytomorrow
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chartpattern harmonicpatterns elliottwaves banknifty bankniftytradesetup bankniftyanalysis bankniftytrend bankniftyview bankniftyintradaylevels bankniftytomorrow
BankNifty experienced a solid correction in the previous session. If you count the sub-waves, it is in the 5th sub-wave. Here, if the initial market takes a pullback or finds support around the immediate support level (50%), we can expect a 38 to 61% pullback wave.

Alternatively, if there is a solid decline initially, the correction could continue, meaning the 3rd wave extension may continue. If that happens, we can expect the correction to continue with some minor pullbacks.
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