In the monthly chart,from the top of 8800 dt.01/03/2015 if it is seen.Then now it is the start of counter wave 4 which may be short lived.As soon as this wave is finished,the panick striken wave 5 will start.
On 11.12.15,7610 was seen bottom in daily chart,if it is a start of a new wave,then selling at 7860 is the start of wave 2 which may be terminated near 7700.One should go buy for at this level.
