Current wave count says we broke out of the triangle and right now we ended wave 3 of the final leg. I am waiting for a retracement till 1580 for wave 4 and then wave 5 till 1650 levels and go short from there. 1650 wont necessarily be the exact level but the point is to short from there after market gives reversal candle on daily time frame.
Even on my worst count Bank Nifty is still in corrective wave 4 and 5th leg of the impulse is due. Its difficult to time market but we can learn a few things from previous corrections( so expecting sideways action till Feb). Whether Modi comes to power or congress, this roller coaster is going up.