As we saw in previous chart it break all the resistance level and made an all time new high so changing the wave counts and considering the end of big wave 1&2 @ 15469 & 14173 respectively,
So If Nifty closes above 15954 and sustain then we can see a rally for 16352 which will be nifty's all time high
SBIN seems to be in Big Green rally
As it has completed wave 1 at 428
wave 2 be expected to be ongoing
wave 3 target would be around 596
Followed by wave can go below till 428 which is the main support for it or it can bounce back at 490
For a target of 767 if it crosses 661 and sustains NSE:SBIN
Escorts appears to be a sensible purchase as a larger wave 1 & 2 has completed, indicating that there will be a substantial rally in the uptrend, leading to a goal of 2415.55 if it breaks all of the targets listed below.
The targets for a strong positional investment during the next 200 days are shown below.
1st Target - 1486.20
2nd Target - 2054.70
Since the NiftyPSU is on an uptrend, looking at the waves indicates that it will be a smart buying as wave 5 has just begun.
Below are expected resistance levels
1st Resistance level at 2497
2nd Resistance level at 2667
3rd Resistance level at 2741 (Breakout level)
It can provide a target of 3067.