Looking at the current trend there are a signs of selling pressure as of now. there’s no doubt that bears are in the lead.
The market has consistently been retracing after that big fall which is only creating a better setup for short, from the risk-to-reward (R:R) perspective.
Today on 19/03/024, the market opened 100 points lower and the selling pressure continued.
For the last three sessions, the market could not break below its previous day’s low, hence once this happens, it could lead to a good sell trigger
It is possible that this week we may see a level of 21500 on the downside, if it remains above 21900 then the market may remain in a sideways range,
On the upside, there is a zone of 22150 – 22180, above which we can think about confirmed trend reversal.