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#Banknifty directions and levels for JAN 2nd

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Chart Patterns Elliott Wave BANKNIFTY bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview
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harmonicpatterns chartpattern elliottwaves banknifty bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview
Banknifty is undergoing a 4th correctional wave, with its sub-wave labeled 'C.' So, the C correction might continue in the initial market. Once the 'C' leg finds support around the demand zone, we can anticipate the 5th impulse wave. This is the basic structure. However, if it consolidates or decisively breaks the demand zone, then the correction is likely to continue.
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