NIFTY
Possibility 1 (Blue color waves): Nifty is currently in Flat correction ABC. Ongoing phase is wave B, which should end around 18458 and then Wave C should start which takes Nifty back to the level of end of Wave A 18060.
Also, it may happen that wave B extends beyond 18458 till 18570-18610 as part of expanded flat correction type ABC.
Possibility 2 (Orange color waves): Nifty is currently into impulse waves 12345. Ongoing wave is wave 3, which should end around 18650.
In any case, the immediate key level for Nifty is 18460. Daily close above it can take it to 18570-18610 level.