January top -21206
January low - 15332.
Absolute fall-- 27.7 %
may top - 17735
July low - 12514
Absolute fall :
Going by the previous falls markets will get highly oversold and bounceback should be very near.
So if we calculate 27.7% the level comes to 11270
if we take 30 % the level comes to 10900.
So ideally markets should give a bounce back from closer to these zones. If one cant buy then this is not the time to sell. Better to be patient and wait to get better days as companies continue to work and markets too.
TECHNICAL CHART -----------