Our primary view remains that short term uptrend might have topped today. IF we fall below 9613 with a faster retracement then it will confirm that short term trend has reversed. failure to do so we should assume we are still in uptrend.
Reason behind such view -
Fibonacci time wise , Wave A= wave B
internal also we can see 3 waves in wave A and 3 waves in wave B.
Mostly looks like a flat pattern is forming, if correct then we will get sharp fall to 9450 levels.