Flash crashes, failed wave and heavy selling at a crucial support that too 50 DMA + the long time raising trendline suggests the market is not not ready to buy at these levels. We may be heading lower towards 600 to 650 area. Trade once a confirmed break is done (either ways). Since the Uptrend from March 18 there have been a heavy buy at the raising trendline. But this time it has dipped a little dip. May be it is time to short on bounce.
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Bullish divergence in 1H and 4H chart. Let's see how it goes. It would be great if it reverses.