Update : We have a strong recovery in fresh expiry, with Nifty up by 2% and BNF 2.7%. Surprise rally was expected post event and market reversed from support levels. However, 17200 & 39000 remain major levels for further trend change. We prefer to remain on neutral over weekend. Rupee has recovered more than 70 paisa from recent low's in a positive move. We are yet to confirm on trend reversal or more likely a short covering rally. #NIFTYBANK #NIFTY50