Overall trend is Bullish right now. But after rejection from major resistance and Klinger divergence there will be a bounce back from fib levels. As fib levels will be tested so one can go for short till 3300-3100.
Once the 3540 Level is broken Bulls will be back in control and we might see a good bullish uptrend continuing. Also once Fib levels are tested and we see a bounce back we can easily go for long till 3500.
Trade accordingly :)