Nifty and Bank Nifty Elliot wave count

Nifty

The impulsive wave started from 5933 finished at 6777. Break of red channel will take nifty to first major support of 6560 below which Nifty can target 6500. 

Bank Nifty

Impulsive wave started from 9944 in bank nifty finished at recent top. Bank nifty is heading towards its major support of 12285, break of same will be initial sign of larger correction. 

Happy trading :) 

Regards, 

Sumit

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