Bank Nifty @ EOD 16.6.2015

From 17174, we have completed 

‘a’ @ 17579 in 3-waves,

‘b’ @ 17293 in 3-waves

and currently ‘c’ is rising from 17293 in 5 wave structure. We should complete ‘c’ around 17750 levels tomorrow by which minor ‘b’ will end and minor ‘c’ should begin for 16800 levels.

 

However on break of 17791 will must consider major ‘a’ from 18832 to 17174 is over and major ‘b’ is underway for next 2-3 weeks or more for target 18300 levels.  Then after major ‘c’ may begin for 16500 levels by mid July.

 

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