Retested 245 again and there is buying pressure. The market has been sideways for quite some time and open interest suggest there is a negative bias. If price goes up and then retraces to 253 (cloud periphery) it could be good entry point with stop at 245.
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Attached is the analysis as on date -
Monthly is bullish (marked M), weekly is bullish (marked W), daily just broke the downward trend. We need to wait for a complete swing to finish so that daily has a trend before a buy can be thought out. It is too early for a buy at this point. As soon as new swing low is in place OI statistics will also be in the favor. After a buy can be thought out.