> Nifty - Daily Chart <
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Above daily chart broken the support line and traded below 200dma for 2 days, and a bounce on friday to touch back the support turned resistance line seems like a relief rally or sub wave (iv).
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Above plotted line on chart shows the possible down move in coming days. Friday upmove i have numbered as sub wave (iv) and if able to move above 5940 may invalid this count. If 5940 is not crossed, then the fall should continue as shown on chart.
>>> Nifty - Hourly Chart <<<
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Above Hourly chart - shows the move as an extension in nature, the Upmove should be resisted at two Points like 5828 and 5862 form where the fall should resume once again. Move past these resistance invalided this count.
>>> Bank Nifty - Daily <<<
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Bank Nifty completed Wave (3) or (C) should find support at 11226 as shown on chart.
>>> SBIN <<<
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SBIN after breaking the important support line it seems like forming an Expanding Triangle like pattern. Ongoing 3rd Wave had a potential to fall till 1900 and 1740. Lets see.
>>> Performance <<<
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