Nifty as of 20th Sept 2019

Nifty daily chart -

Nifty hourly chart -

If it's B wave from 10637( in 3 wave) -

B.1  10637-11142
B.2  11142-10670
B.3  10670-> ?

Assuming B.3 is moving in 5 subwaves as -

B.3.1   10670-11381=711(divided in 5 subwaves as below in 15 mins chart)
B.3.2   11381-->(11213 23.6%)/11109(38.2%)

Is B.3.2 done @ 11238 or it will unfold in  'a','b','c'  as in below 15 mins chart -

If NS failed to cross 11350, it might fall and short can be taken or long entry can be made if 11350 crossed; keeping 11350 SL.

If open low and break 11240, enter short; 11240 will be SL and long entry point.

Check the wave formation of B.3.2.c if it starts from 11350



BankNifty Spot-

Fall from 31784 - 26561=5223
50%=29173, 61.8%=29789, 73.6%=30405

Rise from 26645-29417=2772
28763(23.6%), 28358(38.2%)/28031(50.0%), 27704(61.8%)

If current move is B wave(as that of Nifty sport) -

B.1  26645-29417=2772(in 5 subwaves)
B.2  29417->28763(23.6%)/28358(38.2%)
Done @28834  or it's just B.2.a and b and c are pending?

If open below or break 28890, short can be taken or at resistance 29373. Long above 29060.