BankNifty Spot - Correction is in progress from 31784.
BNS count on weekly chart -
A 31784-26641 = 5143(in 5 subwaves)
B 26641-30801=4106(in a/b/c ~78.6%)
C 30801-> 25700(length of wave A and parallel line from start of A to end of B - december end)
In daily chart, wave counts are much clear, C wave counts from 30801-
C.1 30801-29470=1331
C.2 29470-30718=1248
C.3 30718->28564(161.8%)/
28056(200%)/
27133(261.8%)/26725(300%)
In hourly chart from 30712(different numbers on daily and hourly chart)-
C.3.i 30712-29823=889
C.3.ii 29823-30111=288
C.3.iii 30111->
28085(is 3rd done??), 27993(238.2%)/27784(261.8%)
C.3.iv 28085->28819(4th started??)
In 15 min chart, is a 5 done from 30712 ?
C.3.i 30712-29823=889
C.3.ii 29823-30111=288
C.3.iii 30111-
28945
C.3.iv 28945-29299
C.3.v 29299-28085
From 28085 C.4 is started with C.4.a done at 28819(in 5 subwaves) and C.4.b to start ?
OR
C.3.iii is done at 28085 and C.3.iv also done at 29299 and C.3.v to start downward ?
OR C.3.iii is done at 28085 and C.3.4.a is done at 29299 and C.3.4.b to start downward ?
Long above 28990, short below 28650