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Indice NIFTY 50
Short

Elliott wave analysis # resistance holding up-move

Par dhinesh_kumar
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Tomorrow it may open above today's high and resistance can force the price down towards 15100 level.

Banknifty update:
snapshot
Note
It should fall from here, else I need to re-check my analysis.

Invalidated level: 15325
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Possibility: If open is not wave 5 of C, up-move is pending. Now it might move up to complete the pending activity - either wave 5 of C or wave Z.

Don't trade it. I just go to watch it.
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Now from day low, either ABC or 123 completed.

If ABC, it can fall from here.

Not for trading.
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Update:

Nifty - from 24 May low to today high WXYXZ completed
Banknifty - from 24 May 9:20AM to 25 May 2:15PM Flat correction and then double-zigzag till today high

It should be impulse fall in Nifty and ABC fall in Banknifty.

Just sharing my view. Don't take it as trading advise.
Note
Nifty Trade setup for 27-May-2021
snapshot

BankNifty Trade setup for 27-May-2021
snapshot
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The above two charts are for 28-May-2021
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Invalidate my whole analysis if breaks today high (nifty 15455.55 and banknifty 35436.65)
Elliott WaveNIFTYnifty50niftyanalysisniftybankniftyindianiftyoutlookniftypredictionniftytrendniftyviewWave Analysis
dhinesh_kumar

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