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Dow - fell hard last night, it might mark the start of another major leg down or as shown on the chart it is still part of a bounce in wave 2. If wave 2 is a-b-c then wave b can often end near 61.8% of wave a and that is at 25810. Holding this level wave c of 2 up can unfold. For wave 2 up 61.8% of wave 1 is at 26620 as the potential upside.

Indian bond yields may have formed a double bottom, starting off a small advance but a potential change in trend in minor wave i and ii. My sense is that bond yields have bottomed for now and could head higher as long as these levels hold.