Technical indicators are biased lower. below 50 and Stochs are sharply lower. is well below zero levels.
Upside remains capped at 5-DMA which is immediate resistance at 6455. We see minor upside on break above.
Price action is well below 200-DMA and daily cloud and we see scope for further weakness.
Break below triangle base at 5650 finds next support at 5488 (78.6% Fib retrace of 2502 to 16457 rally).
Support levels - 5650 (major ), 5488 (78.6% Fib retrace of 2502 to 16457 rally), 4712 (Feb 6th low)
Resistance levels - 6454 (5-DMA), 6891 ( 20-DMA ), 7535 ( )
Bias lower, stay short