Few pointers justify it ,like-
-Relentless FII buying and almost peanut selling in this correction from 5550 to 5350.
-Option Analysis showing confident buildup at 5400 puts and that of calls at 5600,which suggests bullishness and may be a new high near 5600 levels,where this 5th wave of the intermediate wave from 4786 ends and the A-B-C correction starts then.
-The Bearish tone setup in the start of the Sept. series will keep the majority short or at the sideways.
