Dated 28/09/2017
Barely Jaipur- Last Close- : 1465 Consolidation at lower range
Monthly Chart
Expect consolidation 1446 or below.
Downside support will be at 1446-1417.
Downside trigger is 1417.
Pullback resume above 1485.
Trend is down and Wave II could be ending at 1395 or have already done it.
Confirmation is above 1485 for near term rise.
Conclusion
Swing bottom likely to have formed at 1417 last month or may formed around 1390 if fails to sustain at higher levels.
The momentary bias is for swing bottom which can generate a rise towards 1540-1576.