Looks like 5th wave ended at 12025.4 which was just short of 55 points around. The only hope was above 11908 when it was around support levels, and was updated in previous idea, but couldn't surpass the level and it kept falling as expected. Now, nifty50 might move between the marked support and resistance. Market could provide sell opportunities on rise.

Regards
Chart PatternsElliott WaveNIFTYnifty50Trend Analysis

Penafian