Last Post cautioned the Longs, Extended target area starting from 6335, Bearish signals, Refrain for ultra bullish calls etc.
Market reacted on downside retracing the last pivot of 6032 in a faster time period. Now further --
Break of the Trendline in Daily TF confirmed the Downside Bias.
Now likely retracing the Upmove from from 5119.
Bias Positionally on Downside till a firm close above 6200.
As mentioned in the last post, New Bullish Trend confirmation only on a Weekly close above 6350.
In the Short Term may remain range bound for better part of the next week before resuming the Higher TF trend unless closes above 6200 firmly.
One another Alternate Long Term Probability, bearish in medium term but may break out upwards later next year, (apart from the bullish one mentioned in the Last Post ) is shown below