Nifty spot possible wave counts

Nifty spot chart, here are some levels marked on chart along with possible wave structure.
Let's see what happens next.
Wave ii of 5 ended up retracing 78.6% and touching the lower Bollinger band at 16836, The midway point and resistance are at 17771.
Wave III of 5 should carry us to new highs above 18600 eventually.

Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing