From the market perspective, the support level at 80016 is a key defensive line. As long as this level is not broken with increased volume, the bulls still have a chance to rebound. The resistance above is first seen in the 81,500 to 82,000 range; only a breakout here can further challenge the previous high of 82,498.

Buy on dips. Aggressive traders can try long positions at the current price with a small position, while conservative traders should patiently wait for the price to retrace to the 80,200 to 80,500 range and show signs of stabilization before entering. The initial target is around 81,500.