The likely scenario playing out in the NSE 20 Share Index is a series of 1rst and Second Waves viz:

So here we have Minor waves 1,2, Minute waves [ i ] , [ ii ], and Minuette waves (i), (ii). The expectation forward is completion of wave (iii) in the series. This wave (iii) should prove to be the point of capitulation i.e it should be sharply down and at its completion there should be no doubt in anybody's mind that we are indeed in a bear market. In fact the periods 18th - 22nd October have the worst market crashes in the past.
We can target the end of wave (iii) as follows:
Wave (i) = ( 4519.63 - 4080.83 ) = 438.8
We expect wave (iii) to be related to wave (i) by a Fibonacci multiple i.e Wave (iii) is usually 1.618 X wave (i); Twice wave (i); 2.618 X wave (i) or even 4.236 X wave (i).
Likely Targets for wave (iii) are:
1. 4257.27 - (1.618 X 438.8) =
3547.292. 4257.27 - (2.000 X 438.8) =
3379.673. 4257.27 - (2.618 X 438.8) =
3108.494. 4257.27 - (4.236 X 438.8) =
2398.51
We look to options 1 and 2 currently. Pheew!
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.