Jet Airways-Bounce back is done at 488?

Going below 450-453 zone will confirm that new down leg could start. At 488 mark -Wave A-B-C combined retraced 38.2% of the fall from highs of 562 to 443- can be possible if it is the more bearish case. Likely we want Jet Airways to move below 450-453 zone to give us more confidence.

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22:18 Hrs 3rd Nov2016

Day's Low@454.10

We have a risk of 1 point if it goes below 453- likely it will start downside else we will wait for push up again.