The Chart that i have posted seems self explanatory. The fall from 12152 to recent lows of 7530 - seems it is the 1st wave or Wave A & the current ongoing upmove is merely either of the 2 (Wave B or Wave 2 ) which will get terminated around 9900-10150., & after that we will get the 3rd wave / Wave C which is pending. (I shudder to think if its Wave 3 - Giving a target around 5500 & below).
Will also post one more chart referring to the upmoves in B wave, which will give a rough idea of the termination of the 2nd Wave/B Wave.
Hope this helps in making of the decisions.