Or the other scenario would be that Nifty consolidates in a small band for 1-2 days before moving down further. Its not necessary that we have to bounce.
I feel those resistances might stay.. slightly higher.. to get some bulls trapped, but those are the major resistance points. .. just guessing.. no guarantee
Banknifty is already +350 UP from days low
Today I took two trades one short and one long. I realized that I have some loose change in my FYERS account from the brokerages returned via Challenge . There was 1000 Rs. made 30%