For the last few days we have double tops in tandem. first a double top at 9723 , then another one at 9681 and now we have a potential double top at 9657.
Wave wise wave iii has ended at 9723 and we are in wave iv consolidative retracement phase. Though the trend is up but first some retracement upto 9525 or 9400 looks a possibility.
Any trading above 9680 and 9725 will signal the end of wave iv and resumption of wave v towards 9800/9915.
STRATEGY: For today better to trade SHORT from 9650 level with STOP above 9690 and TARGET 9525/9480/9400.
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