Despite Thursday's rebound from 2114.7 levels, the subsequent failure at 2149.2 and a close below the rising trend line on Friday suggests bulls are losing control.
The index could test 2100 levels, but further losses towards 2050 could require a day end close below 2100 handle.
On the higher side, bearish invalidation is seen only if the index retakes rising trend line on daily closing basis.
The index could test 2100 levels, but further losses towards 2050 could require a day end close below 2100 handle.
On the higher side, bearish invalidation is seen only if the index retakes rising trend line on daily closing basis.
