Banknifty

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SGX Nifty indicates a slightly negative start. Currently advancing as the 1st wave. Once that's done, the 2nd is a pullback wave, so we can expect min 23 to 38% fib pullback, followed by a 3rd correction. On the other hand, if the market takes a sharp correction, expect the minimum previous correction length to ext level 1.27 and 1.618 level.