CNXIT opens and stays Weak

This is the 75min chart of CNXIT, which clearly shows how it has created a well-defined resistance (marked buy red zone). Now after yesterday’s show of strength, suddenly today the entire pack has opened weak and so far is staying down. There is an erstwhile rising gap which can act as some source of support and so if the index retests this gap it’ll lead to some short-term shorting opportunities for traders.