Nice rebound from rising support yesterday
Prices currently flirting with falling hurdle drawn from Aug 15 high and Sep 2 high
Prices have rebounded from 50-DMA today
A rebound from rising support if followed by a daily close above the descending would open doors for 7K levels.
However, caution is advised since the previous break failed. Moreover, that makes 6939.3 (Sep 22 high) and 6930.7 (Sep 2 high) a strong hurdle.
On the lower side, only a breach of rising on daily closing basis would open doors for a much deeper retracement to 6600 levels.