Ichimoku Weekly Charts:

On Short Ichi Parameters, Price closed below tenkensen (6137.80). kijunsen (5843.70) is going parallel with Span B. Span A level is 5990.75. Clouds are parallel with upward bias. Oscillators are in overbought indication further scope for correction..

On Standard Ichi Parameters, Tenkensen at 5988.85, kijunsen & Cloud Span A & B are far off at 5562.48, 5775.66 &  5506.95 indicating the correction is short term in nature and undercurrent is still bullish. The level to watch is 5988.85

Ichimoku Daily Charts

On Standard Param, Price closed below kijunsen 6137.80 which is parallel to Span A (6137.80). The next major support is cloud span B level at 5905.17.

On short parameters, Price closed below clouds indicating bearish trend. Clouds bearish crossover is seen in the chart from December 01 or 02. Kijunsen was running parallel to Span B level of 6137.80 since November 04 indicating uptrend is without strength.

Slow stoch is in oversold signal and MACD signaling sell. Bullish cloud crossover on November 22 may provide short term bounce and may see further selling.

Option reading index figure for today is -1.70 whereas for the earlier 2 trading sessions, it was 0.10 and 0.11. May be indication of complete pullback...

Trade cautiously