We are at 800, a round figure, which converges with the 79% retracement of the 28th August and 7th November Swing and the Monthly R2 is 774. This region played support for four trading days(22nd-27th August). Thus price coming to this region from underneath is likely to bounce off before the uptrend ensues. If this happens,600 and 550 are the levels to look for long entries.The implication is,there seems be an opportunity to pick up a few pips on the short side of this trade.