Nifty Elliott wave update for 11June onward

NSE:NIFTY   Nifty 50 Index
Nifty bounced from support range 15650-15557. So it seems wave (iv) is completed at 15567 and wave (v) is already started.
Projection range for wave (v) is coming at 15908-16119.


Do u trade on your own analysis.It seems to be wrong most times.Elliott wave is better for longer time frames for retail trader's as its hard to count on shorter time frames otherwise everybody would be millionaire.
If so, than what about BankNifty?