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#Banknifty Direction and levels for FEB 12

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Chart Patterns Elliott Wave BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftytrend bankniftyview bankniftylevels bankniftyintradaylevels bankniftytrading
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harmonicpatterns chartpattern elliottwaves banknifty bankniftytradesetup bankniftyanalysis bankniftytrend bankniftyview bankniftylevels bankniftyintradaylevels bankniftytrading
Banknifty has a solid pullback. If the market opens with a gap-up, then we can expect rally continuation with minor consolidation. However, if the market opens with a gap-down or rejects around the immediate resistance (45898 to 46031), then we can expect a range market. Structurally, there is no indication of a significant correction.
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