Nifty and Bank nifty Elliot wave update

Nifty

As per Elliot wave analysis we might be in last leg of the the uptrend which started from 5933. Alternate to this count is wave(iii) is still subdividing. Break of channel will confirm completion of wave (v) and impulse from 5933.

BANK NIFTY:

Intra day correction in nifty took support near lower end of channel. Above chart shows Elliot wave count for bank nifty. Break of channel will confirm end of impulsive started from 9944. 

Happy trading :) 

Regards, 

Sumit

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