It's been a littlebitdifficulttocountinthislittleareahere.
Now, themainthinghereisthatyes, I'm lookingfortop, and I'm lookingfor a pullbackhere, butatthesametime, wedon't wanttofight a strongtrendhereonDhewithinthat I knowthatthe 6300 here, intermsofthetraininglevelsis a stronglevel.
Soifthat's the 61.8% retracementlevel, andtheclosestlargestnumberis 6215.
Thenifyouwentshorthere, youwouldjustmaketheshorttradehere, um, smallerthanyouwouldnormallydo a positionforonthenthefollowingtradewouldbethe 50 hereas a retestedresistancehereatthatpoint.
SotheotherthingtowhatnormallyoccursonFridaywillfollowthroughontheMondaySo a bitbearishappearforthismarket?
No, justlooking.
JustsavethatonDhe.
JustlookingattheAsianmarketsnow.
SoweknowmissedoutwithChina.
But I wannaworkbackwardsthistime.
I wanttostartwithwithIndiawithniftyAndiinthisinstanceherewe'relooking, youknow, wewerelookingatthisiswaitthreeoverherelikemanyoftheothermarketsandthenlookingat a waveandbewaveuphereonthentheseawavedown, butthisisbeingmovingawaysowecanlookatit.
A zabullishmoveouthereonDhewithniftyhere, wecanalsolook s Sowe'relookingatthisis a bullishbullishmovenow, Andi.
Weareworkingon 11,000 here, sothere's goingtobe, um, in a bitof a vibration, Heaswell, soButwecanexpectthismarkettocontinuetomoveupto 11,500 beforeanysortofmajorsortofcorrectioncomesintoplayhere.
Soanythingherewillberathersmallon a few.
Bounceiscomingupandcomingbackandchecking.
Sodefinitelystaylonginthismarket.
See, intermsoffthecount, goingtotheupside, heandthere's norealsortofchangehere.
I thinklasttime I wouldhavepointedoutfromthislow.
Hereisoneandtwoandthreehere.
We'recomingtofourhereandfivehere.
So I haven't reallyhadthiswavethreeyetorthiswayforhereyet.
So I'm justgonnacleanthisupinhere a littlebitwhilewe'rehere.
Andlookitjustaboutmovethatacross.
They'reondhe.
Uh, I justcleanalltheseuphere.
HopestoDaisycleantheseupsowecanlook a wavethreebeinghere.
Evenifitisshortlived, there's still a 50% possibilitythatitcancontinueatthatpointinbuildingin a smalltradehere, wecanlooktobuildingontopoffwell, ontopofthe 38.2% andthenontopofthismajorlevelhere.
SoforChinaaswell, letmejustgetthe a dailycharthere.