1- Market appears to be in Elliott Wave 3
2- Wave 3 is usually the strongest and can extend to the 1.618 Fibonacci level
3- 1.618 Fibonacci extension gives a target near 210K, which could be a good profit-taking zone
4- After Wave 3, Wave 4 usually retraces around 0.38 level, giving a possible buying zone near 190K
5- Wave 5 may push the index toward 220K – 230K, which also aligns with the ABCD harmonic projection.

The current bull cycle also looks close to completing a 7-year expansion phase.