We could have completed wave 3 (c) ? Possibility we would the level marked @16815 before moving up.
Bank Nifty:
Marking for wave 4 has been done by me chart shared. HOMEWORK: One can do the previous marking till wave 4 (Self Learn)
SPX:
We are not into SPX however, I am sharing chart for learning purpose. I strongly feel 200 MA will act as the important support. & market might bounce back from here.