Elliott wave analysis # resistance holding up-move

Tomorrow it may open above today's high and resistance can force the price down towards 15100 level.

Banknifty update:

ノート

It should fall from here, else I need to re-check my analysis.

Invalidated level: 15325

ノート

Possibility: If open is not wave 5 of C, up-move is pending. Now it might move up to complete the pending activity - either wave 5 of C or wave Z.

Don't trade it. I just go to watch it.

ノート

Now from day low, either ABC or 123 completed.

If ABC, it can fall from here.

Not for trading.

ノート

Update:

Nifty - from 24 May low to today high WXYXZ completed
Banknifty - from 24 May 9:20AM to 25 May 2:15PM Flat correction and then double-zigzag till today high

It should be impulse fall in Nifty and ABC fall in Banknifty.

Just sharing my view. Don't take it as trading advise.

ノート

Nifty Trade setup for 27-May-2021