Nifty in minor wave 2 correction. Minor Wave 3 bounce is due.

Nifty minor wave 1 begun from 11835, ended at 12290. From 12290 wave 2 cortection has begun to todays lows. Nearly 78% retracement has done in nifty and Banknifty both.
Most probably , wave 3 bounce can commence from here.
Regards,
Suryadev Bandari
Research Analyst.

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