Analysis is done on the basis of spot/cash price.
Looking for handle of the cup@530-535 - if holds then target done or below 530 - handle can extend to 450 - Holding 530-535 can be seen as buying opportunity as well if Index supports.
No Trades above 577 - set the as your stop loss
Gap down - from opening high @560 - down 6 points !
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw