We can clearly assume a quick and sharp bounce today for at least 50 to 80 points (it may prove totally wrong) because of following reasons I am able to find out
- Fed chief speech help US market to recover; at least for today
- We are fundamentally very strong, so we just need a reason to celebrate Nifty Diwali
- Nifty has bottom up at strong support 4728~4820
- Nifty may be in making of "W"
- Put writers have shown faith on 4700 and 4800 level which favors bulls only