Now everybody is bullish after seeing a smart recovery from 6825 to .
Confirmation: Close above 7956-8038 spot.
Wait for a close above 7956-8038 spot happen to initiate fresh long position.
The present uptrend may be finished this week. (By Wednesday evening or Thursday morning) One positive and one negative close is needed before reversal.(Minimum)
Wave Target 7956-8038 (Minimum). Technical Supports 7516
Fibnacci Support : 7611 . Crucial Fibnacci Support at 7596-7589 spot.
For Monday : If fails to cross 7956-8038 Spot go short for the minimum 7611-7515.
If crosses 7956-8038 spot expect a short covering rally to 8328.
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