Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
5900 PE ChgOI has drastically come down, to less than 1L.
So, bearish sentiment is very low. Some more upside expected but rallies are expected to meet strong selling as 6000 is the top for the series. This is further shown by BnF failing to break Pivot High on Daily chart.
This is the assumption I would like to go with. But, will act only after confirmation from the price action.