Nifty Elliot wave Alternative 1 Prediction

Nifty @ 21997.70 

Alternative-1
•  Here I'm analyzing the entire move which started from 18837 low till recent high of 22526 spot levels.
•  As per this formation from low of 18837 till high of 19875 we got wave i.
•  From high of 19875 till low of 19667 we got wave ii with shallow pull back.
•  From low of 19667 till high of 22124 we got wave iii.
•  From high of 22124 till low of 21135 we got wave iv.

Don't forget to check our bank nifty option and start making profit on a daily basis.

•  And from low of 21135 till recent high 22526 nifty formed an ending diagonal in wave v & in today's trading session it gave break down of this rally & eventually it should fall downside till minimum 21135 minimum which is previous rally wave iv low & maximum till 50% fib support which is coming around 20680 spot levels. #note currently I'm taking conservative view till max 20680 levels, it's not that it cannot go below that it can but that we can review later on with ongoing formation.
•  So as per this formation we have got our short term top in nifty index at 22526 spot levels & now upside 22275 spot which is 20 Hour Moving AVG which will act as immediate rest on any small pull back & eventually nifty should fall back downside till minimum 21135 spot to max 20680 spot levels to complete this correction & anywhere from this support zone it should again start next leg up move.
•  For this formation 22275 & 22526 will act as immediate rest & pattern negation levels for trading purpose.