Nifty as of 6th Sept 2019

Nifty spot on weekly chart formed dragonfly candle.

Bigger wave count - 

1.    12103-11625=478
2.    11625-11982=375
3.    11982-10637= 1345
4.    10637->>11151(38.2%)/11310(50%)

If 4ht wave is in the form of ABC then -
4.A    10637-11142=505
4.B    11142-10747
4.C    10747-> 11252(100% of A)

If 4.C is also in 5 subwaves then
4.C.1   10747-10920=173
4.C.2   10920-10816=104
4.C.3   10816->11030(123.6%)/11055(138.2%)/11096(161.8%)/11162(200%)


Short below 10920, long above 10950.

BankNifty -

4.A 26563-28274=1711
4.B 28274-26643
4.C 26643-28354(100% of A)

4.C.1 26643-27279=636
4.C.2 27279-26816
4.C.3 26816->27602(123.6%)/27694(138.2%)/27845(161.8%)/28088(200%)

BNS long above 27290, short below 27180.