Nifty as of 26th Sept 2019

Nifty Spot -

Long above 11590, short below 11550. \There is negative divergence is 15 mins chart. 

1.  10671-11694=1023
2.  11694-11416(or still in progress in A/B/C)

2.A   11694-11416=278(in 5 subwaves)
2.B   11416->11556(50%)/11588(61.8%)

BankNifty Spot -
Difficult to label current move from 29471, too many possibilities as below-

1.   26645-30795=4150
2.   30795-29471(done or only 'A' is done)

If downmove from 30795 is in A/B/C then
2.A  30795-29471
2.B  29471-30712
2.C 30712->29076(123.6%)

OR if 2.B is still in progress(in a/b/c) then
2.B.a  29471-30712
2.B.b  30712-29823
2.B.c  29823->30500/600(+/-)

Then 2.C will start towards 29000+/- . 

If 2nd wave is done and 3d started then -
3.1  29471-30712=1241
3.2  30712-29823
3.3  29823->31357(123.6%)/31538(138.2%) - strong above 30350

Long above 30120, short below 29920