Bank Nifty Spot -
Seems like 4th(or 4th's 'a') wave in progress and should stop near 30900.If it breaks this number, more low can be made till 30767(height of wave 1) . If this number (30767) is also breached then I guess 31157 can be labeled as 3rd and 31164 as 5th wave.
If 31157 is 3rd wave and 30969 is 4th wave(in a/b/c), then 5th may start(breaking 31055 ) tragting 31250 +/-.
Short below 30965, more low below 30900. Long above 31054, more high possible breaching 31114.
Nifty Spot - Short below 11880, long above 11925.
Seems like 4th(or 4th's 'a') wave in progress and should stop near 30900.If it breaks this number, more low can be made till 30767(height of wave 1) . If this number (30767) is also breached then I guess 31157 can be labeled as 3rd and 31164 as 5th wave.
If 31157 is 3rd wave and 30969 is 4th wave(in a/b/c), then 5th may start(breaking 31055 ) tragting 31250 +/-.
Short below 30965, more low below 30900. Long above 31054, more high possible breaching 31114.
Nifty Spot - Short below 11880, long above 11925.
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