A good amount of correction still left

Axis Bank CMP 1139

Elliott- the iii rd wave of C is underway. This fall will be sharp. To me it should end around the 994 zone.

RSI- On the last rally to the highs the oscillator only managed to go till the bear zone which is negative. Now it is below the averages and is all set to break its bull support.

Hence my view on Bank Nifty is intact the selling is still not over.