Arnav, looks like there are a few bullish signs on the daily charts...The only dilema for the longs should be the two consecutive gap ups...they are bound to be closed..sooner or later..but for now it looks bullish...may be the stops for any shorts would be around the previous pivot high of 2790...
For larger time-frame positional Shorts i totally agree with you for the shorts to be around 2790-2800.. and those with a shorter time frame should already be out of their shorts right now.. as clearly stated by you that the charts are showing bullish signs..