on friday we closed below 20 dma so i was more biased towards bearish view although trendline was not broken as shown in chart sent earlier.
with help of good iip nos and ambani bros development as i had mentioned in prev mail
market bounced back.
what next ?
we are on sub wave (v) as shown in this link which can take us upto 17300/17800.
on completeion of this sub wave we can decide further course of action.it has shown 2 options. second option of wave count (more bullish ) is also shown with blue colour.
