When prices make higher lows (green line) & in the same duration if you notice lower lows in Indicator as shown in the MACD indicator (red line). Looking for B-Wave upside which could retrace in the zone 50% to 61.8% zone- giving us target zone of 545-560.
Sustaining above 520 could be keenly watched for target zone 545-560.
Falling from 600 to 467- click the chart
Searching for Selling opportunity close to 600 marks- click the chart
Trade active
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10:02 Hrs 21st Nov2016
Last Price@509.15
Not sustaining above 520 - It falls to the day's low 508-509.