Bank Nifty on Elliott Waves

Bank Nifty on HTF is following the Elliott wave theory.

Basis the theory, a corrective wave is expected and that is exactly what the Option Data indicates as well.

However, trading against the trend isnt the best way and hence i suggest we wait for the Level shown on the chart before you invest.

This is my idea and for educational purpose only.

Let me know your thoughts and feedback in the comments section.