Nifty seems to have completed an a-b-c correction. So it should make a final upmove before the fall. The Flat possibility seems more likely.
Bank Nifty seems to be forming a Flat pattern, following it should give the final impulse up. The structure's completion can be watched in conjuction with the Nifty chart (linked) to complete it's correction.
Nifty today completed the B wave of a zigzag correction. I'm expecting to give a C=A followed by the final up move to 8460-8510 (the target is the upward moving trendline in the daily chart). Meanwhile BankNifty is forming a flat corrective pattern.
After a minor fall (with e.a = e.c), we should get a final impulse up.
Bank of Baroda is showing a 5 wave structure for the final move down.