Banknifty seems like completed 5 wave sequence at last top. But similar to Nifty there are two proability at that point as either further subdivision or reversal. So go short below 30200 with stop loss above last high. But if price crosses above 30805 level then go long for higher high as target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.