BANKNIFTY LEVELS AND DIRECTIONS FOR NOV 17THNifty Bank IndexNSE:BANKNIFTYManickamtradersIn the aerial view, the current trend shows a ranging market. Until the price breaks the top of the channel, we can expect the range to continue within the channel. However, if it breaks either the top or the bottom of the channel, we can follow the direction of the breakout. If it breaks the top, it could be considered an inner extension variation of the impulse wave. On the other hand, if it breaks the bottom, it could be considered a regular flat correction.