Wave 4 is in progress and forming triangle correction.
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BankNifty
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Nifty updated wave count
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Nifty possibility-2 for today's movement
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BankNifty
Nifty
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Wave C in triangle is completed or about to complete.
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Updated wave count
Nifty
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BankNifty
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Nifty: Fall from 30jun 12:15 looks like ended at today 9:25, but after then it broke the low again. So there may be some other possibility (like still wave A of triangle C is in progress). I will update once get clear view.
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Possibilities for fall:
1. Wave 5 of wave A - at-least test day low (after then, need to see inner wave formation) 2. Wave 3 of C - in that case 34300-350 n 15550..15520