The price has declined from its resistance level of 5529 and is currently trading in a bearish zone. As long as it remains below the pivot line, the bearish trend is expected to continue towards 5410.
Intraday Analysis: Today, the price is likely to stabilize below 5479, maintaining the bearish trend towards 5440 and 5410.
Bullish Scenario: For a bullish reversal, the price must stabilize above 5502. If this occurs, the bullish trend may target 5529 and subsequently 5550.
Bearish Scenario: As long as the price trades below the pivot zone, which lies between 5502 and 5479, it is expected to decline further towards 5440 and 5410.
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