Nifty as of 13 Aug 2019

Bigger wave count - 


1.  12103-11625=478
2.  11625-11982=375
3.  11982->???

3.1 11982-11461=521
3.2 11461-11707=246
3.3 11707-10783
3.4 10783-11181
3.5 11181->10723(38.2%)/10581(50%)/10440(61.8%)

3.5.1  11181-11042=139
3.5.2  11042-11121
3.5.3  11121->11896(161.8% - 10905 done?)/10843(200%)

If 3.5.3 done at 10905 then
3.5.4  10905->10956(23.6%)/10988(38.2%)/11013(50%)/11039(61.8%)

If 3.5.4 is started from 10905 then 10985-11015 is important level and short can be initiated from here keeping 11042 as SL.


BankNifty -

5.1  28602-28063=539
5.2  28063-28138
5.3  28138->27599(100%)/27472(123.6%) - 27684 done so far

27890 imp resistance.