Reason for long on monday
a) The probability of gap down opening on monday, from there, it may touch towards big round number (17000).... The probability view is 40%.
b) small pull back from 17000 to 17300 is possible small swing .....
c) Another possibility is heavy selling from 17000 to 16700 till monday 3.30 PM, which may turns a rapid Wave 3 progression towards 16000 by this month end.
d) Time cycle also signifies some what buying at lower level as pull back.
SL compulsory
Long from 17000 to 17300 on Monday...