We are looking for the test of the 5350. In our opinion it may not be necessary for it to breach 5350 & may just go nearby. The likely trajectory is shown in the chart below. However as an alternative wave count if it does not break 5420 for considerable length of time it may then move up towards the 5470 with very poor momentum.

1)BUY LT at 1785 with the stop of 1775 for the target of 1825.

(2)SELL BHUSAN STL  ON BREAK OF 1545 with the stop of 1570 for the target of 1485.