Despite the rebound from 50-DMA on Wednesday, the subsequent retreat from the high of 6941.8 on Thursday and a daily close at 6865.1 levels (inverted hammer formation on the daily chart) suggests prices are likely to test 6800 (zero figure + rising trend line support + 50-DMA).
A day end close below 6800 would open doors for 6600 levels and would be a signal of trend reversal.
A day end close below 6800 would open doors for 6600 levels and would be a signal of trend reversal.
