We can see what has happened over here, as we are expecting a big fall on Monday, and above I have analysed according to my knowledge. There might be alternative waves, but this looks fine and unless and until we get results it is absolutely fine.
The levels 1 2 3 are support levels, and that can be support area for nifty in the coming few days. Rest it is clear in the chart. The confirmation to the downfall was predicted by one of the members of the community, it was an excellent prediction of usdinr and had caught the bottom, link attached below for his chart.
Do ask any other queries in the comment section. Also, please like and support for further such ideas.