A tough series to trade. Except, IT and Mid Caps and Realty, all other sectors are into correction mode. These might keep NIFTY under pressure for some time.
However, we have three references. 1. March Open 2. GAP Fill Level 3. BAT pattern (ABCD infused into it)
Taking contrarian trades at MOB levels will be prudent with the help of Weekly / Daily PIVOTs //CPR.
Hurry in an entry might not pay off. I have tried to capture few points in this video post. Hope, it's going to give you a perspective.