Bank Nifty as of 9th Dec 2019

Bank Nifty Spot -

Keep a check on hourly chart for positive divergence.

A. 32156-31445
     a.  32156-31774
     b.  31774-32021
     c.  32021-31445
B. 31445-32117
     a. 31445-31877
     b. 31877-31554
     c. 31554-32117
C.  32117->31238/31134/30967?
      i)   32117-31695=422
      ii)  31695-31881
      iii) 31881-31123
      iv) 31123-31536
      v)  31536->31313(23.6%)/31175(38.2%)/30953(61.8%) - done @31265?

If broke 31280, iiird of vth will start(in 5 min chart) and can target 31175-31000+/-.
If move above 31390 -
  i.  Either vth(C wave) is finished and new up move will started.
  ii. or 'c' of ivth started targeting 31600+/- then vth will start

Short below 31280, long above 31390; more high possible above 31450.

Nifty Spot - 

Short below 11910, long above 11970.