Price is abiding by the bearish channel . Price can potentially dip from sell entry level of 2951.56 in line with the 23.6% Fibonacci retracement towards the take profit level of 2775 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection . Our bearish bias is further supported by price trading below ichimoku cloud . Alternatively, price may break through key pivot structure and head for our stop loss level of 3083.99 in line with 61.8% Fibonacci projection .

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