Cmp: 38297.75
Support & Downside Range: 38130—37915—37740--37565
Resistance & Upside Range: 39760
Short Term Trend Reversal Level: -- 39760
Trading View: nifty gave clear sign of 5 wave fall but bank index did not yesterday so in this gap down ideally bank index should touch minimum 37915 and max 37565 spot zone to give us clean 5 wave dip, and anywhere from this zone it should again bounce back upside towards 38500 zone minimum.