Reason : Fall from 6000 level happened in 500 points wave each consequent second way too. Currently its basing in time manner for the same proportion of 500 points.
However, instead of reversing to upward market will head southwards towards Buy order base i.e. 4,500 level which is another 500 point wave. This also finishes 3 way downtrend to initiate larger up trend.
Timeframe : Sideways market about to end by this month. Further to that, fall short wave begin till end of June 2016.INDEX