#Nifty at a critical juncture

As we have seen a recent bout of continuous selling in the Markets from past 1 week, a bounce is in the offing. Nifty stands at a critical juncture for a possible 200-300 bounce back only if today's low holds decisively. Else we might see more downside. Strong down moves also lead to strong bounce. My bias is on the long side should today's low hold. Let's see if the plan works tomorrow.