Nifty looks like has completed 4, and this up move was just the completion of wave 2 (of bigger wave down)
We will see wave count as 5 waves going down from here, of which 1 and 2 are done, so Monday or Tuesday - we will see wave 3 formation going down.
Note: Red numbers are 1H time frame and Yellow waves are the waves within red 1H time frame.
Chart has all levels marked.
Let me know what you think!