The market has risen by more than 8% - i.e Nifty .
Nifty is now in a consolidation mode -- which we expect to be over within next 2-3 days - rebound might happen at 8471 and if it breaches this then the next stop 8400.
Wave 5 of wave 3 in play - means complete wave 3 will be ending soon around life high for Nifty .
Expecting this play to complete before the FED meet ( FCNR outflow specific to India only could also limit the upside ) !!