Currently, the market has dropped from 102500 to around 995, then it formed a V-shape back to around 1025. The hourly chart indicates that the bottom has stabilized completely, and it has completed a second bottom test. It will likely test the previous high points again to absorb the selling pressure from the top.
As shown in the chart, it has also returned to the previous range of fluctuations. So, it is currently close to the upper end of this fluctuation range. One can control a position in batches at 1032 and 1038 for short-term trading.
Looking down to around 1020-1018, if the market stabilizes at this position upon falling, one can consider going long and targeting 10500.
