Wave Analysis

During the previous trading day, the first impulsive wave (a) of the corrective three wave cycle, rallied higher but is still below the resistive trend line. Today and possibly in the next few days, we expect a possible extension of the impulsive wave (a) to the upper side and should break above the upper trend line but should not go beyond 12733.80. If you're not already in a long position, you could wait for a slight pullback to the lower side to pick a long position. Sell positions may only be recommended should price break below 5911.45.

Trade Recommendations:

We're long towards the upper trendline.

101% Double the volume