Assuming that wave 5 = wave 1, by time/value projection of wave 1 in wave 5, Nifty seems to be headed to ~12100 levels around last week of September, after which it will get into corrective mode. There are chances that it might briefly breach 12100, but should eventually fall. The fall might be major and sharp and expected to be till 10500 (Wolfe wave target).
DLF is showing kumo cloud breakout. Also an inverted H&S pattern is seen signalling end of downtrend and start of uptrend.
However stochastics are overbought, so need to be careful there. We can go long with a trailing stop loss of Kijun Sen line.