The leg which started from 7765 on RBI policy day could be nearing its downleg & sooner it will start its upside leg. Look out for prices to move above 7570...In that case one can look to book in the zone 7625--7635.
Prices are crawling on downside so it could be another connecting X-wave before we start another A_B_C & shall look again for target zone as 7750--7775 before falling back or resuming downtrend again.Regards
If you have an urge to trade--you can take short trade only for 20-30 points downside that means 7540-- to ---7520 --7510. Kindly do not go short for longer targets as prices are crawling not falling.Regards