Type Bearish Reversal

Support: 53718.97

Resistance: 59840.82

Pivot: 58631.13

Preference: We can expect price to reverse at the pivot level in line with 100% Fibonacci projection towards the 1st support in line with 23.6% Fibonacci retracement and 127.2% Fibonacci projection.

Alternative Scenario: Alternatively, price might push upwards the 1st Resistance in line with 127.2% Fibonacci projection