We are now in blue wave 2 which is nearly to finish and new impulsive decline in blue wave 3 started soon. The ideal target for blue wave 3 is major psychological level 1 where we found massive support. 

Alternate Scenario : However if we keep eye on alternative count than it will be possible that red wave 2 is not finished yet and this is W wave of correction.and blue wave 1 is X wave which finish 1.080 area. If this is true then we are now in Y wave which can go up to start of Red wave 1 in any correction format.

muhiuddin