Looks like ‘a’ of the corrective rise completed at 17782 today. Now ‘b’ should move towards 17450 in next 2 days and then ‘c’ up should target 18100 level.
With last week closing below LEMA, it is likely that ‘b’ might take more time and frustrate traders with sideways movement till end of this week. But will preferably close above LEMA this week.
Trade light and take small profits of 50 pts in correctives and sideways market.