Nifty as of 5th 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->10864(done?? 161.8%)/10665(200%) - looks like not done yet
New low 10783 made on 05/08/2019 - done now ???
3.3.1 11707-11230=437 3.3.2 11230-11308=78 3.3.3 11308-10850=458(100% is 10871) 3.3.4 10850-11080(23.6%)

3.3.5 11080 -> 10753(38.2%)/10550(61.8%)???

3.3.5.1 11080-10968=112

3.3.5.2 10968-11016=48

3.3.5.3 11016-10783 (200%)

3.3.5.4 10783-10893(38.2%)

3.3.5.5 10893--> 10753 ??

For 3.3.5.5(3.3.5) to extend it's fall, nifty should break 10844 and fall would be in 1-5 small waves, 1 and 2 are already done.

Another possibility - 3.3.5 is done at 10783 and 3.4 has started from 10783

If 3.4 is started -

A.1 10783-10893=110

A.2 10893-10826=67

A.3 10826->11004(161.8%)

For uptrend, nifty should break 10880

Bank Nifty
Bigger wave count -
A.1  31784-30223=1561
A.2  30223-31661
A.3  31661->27574(261.8%)/26978(300%)
A.4  27391->28428(23.6%)/29069(38.2%)

Looks like 3.3 is done is BankNifty and 3.4 is started from 27391. if it's so then 4.1
For BankNifty 27770 is the number to go long and 27580 to short.