Bank Nifty Price Prediction for Tomorrow (07 Apr 2025)
Possible Impulse Move After Deep Corrective Rally
Bank Nifty has clearly set a three-wave fall from its most recent high, followed by an upward rise that looks to be corrective in character. The 78% retracement level, often regarded as a turning point in wave structures, has halted this comeback. If the present wave count holds, we might witness a quick impulsive move to the downside in coming sessions.
Bank Nifty / 5 Min
Key Support Levels
Traders should keep an eye out for support levels of 50,880, 50,600, and 49,800. A break below these levels would support the negative view. However, if the Bank Nifty rises above the previous high on Monday, the whole wave count would be ruled invalid, indicating that the market may restart its bullish trend instead.
Disclaimer
This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, and past performance does not guarantee future results. Before making an investing or trading choice, readers should undertake their own research and evaluate their own circumstances. The author and platform accept no responsibility for any financial losses or damages stemming from the use of this material. Receive personalized advice from a qualified financial advisor.
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