Structurally there were no significant changes since yesterday. The pullback of the wave 4 took place near the first Fibonacci resistance at 100.30/40, as depicted above. The pullback rally is expected to occur in 3 waves extending towards 102.00/103.00 levels. Presently bulls remain their control before the final bearish leg resumes between 100.30, 102.00 and 103.00 levels.
Sell-deals are recommended towards 100.30/40 and 102.00, targetting 94.00 and 90.00 levels.