The falling hurdle stays intact at 10,415 levels.
The daily has started losing height, but still well above zero level. Prices could remain stuck between daily 5-MA and falling hurdle before. A repeated failure to take out hurdle would then open doors for a break below 5-DMA and slide towards 10,109 (38.2% of April 2015 high – Feb 2015 low).
On the higher side, only a weekly closing above the falling hurdle would signal a fresh rally towards 10, 800 levels.