good analysis but have you checked Daily chart of Nifty. Bearish flag pattern is formed and near to break down . Nifty is going towards 20834 which is a 200 DMA.
I don't think we will have 1000 points reversal this timeBank nifty is going to touch 200 days moving average soon
PCR is quite lowi hope we may see a short recovery otherwise 200 Days moving average would be next target.currently market ( Bank Nifty) is t king support near 20 DMA
49600 was acting as big resistance strong RSI divergence on 15 minutes chart.Election time also is a big reason