its abc correction had started earlier and we are in c wave of this decline.. its result date yet to be known. public sector banks may contribute most to the decline the bank nifty. of bank nifty although no respite for pvt sector banks. 560,522 seems to be target for this decline. please go thorugh my previous posts of bank nifty and hdfc bank. Doin't forget to like this post. follow me to get updates/\ the chart explain itself is self explantory
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