Elliott wave analysis # as expected fall started ??

Jun 4, 2021

Wave B of (2) completed. Wave C of (2) started its journey.

Invalidate level: Nifty 15700 and Banknifty 35480


Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.

Banknifty update:

Jun 5, 2021

Note

Suppose on Monday if reaches invalidate level (15700 n 35480), next possibility is updated in the below chart.

Nifty


BankNifty

Jun 6, 2021

Note

There are only three possibilities:
1) as per analysis (if open below last close and break day low)
2) after some pullback (~ 70%), it should fall as per analysis
3) Sideway correction (here there is chance to break Friday high as irregular correction)

Not seeing any strong up-trend, at-least for next 2-3 days.

Jun 7, 2021

Note

So far wave formation suggests no big fall. It may be sideway correction.

Jun 7, 2021

Note

Banknifty updated wave count

Jun 7, 2021

Note

Banknifty from 19th April