On the –
Prices are attempting a break above critical resistance of 271.65 (May 11 low).
The odds of a failure to break higher/hold above 271.65 are high given the overbought daily . The index too is almost hovering into overbought territory.
Hence, profit taking could result in a dip to 260-250 levels before the share gathers steam for a more sustainable move above 271.65 levels.