Is Nifty50 headed for 15500?

Last week was turbulent and nifty broke 17000 and then 16500. Friday session's lows was below 16300. Highest OI for support on monthly options now stands at 16000. But will Nifty be able to take support at 16000 and bounce back for another round of sell off?

Next logical support stands at 15500 which was last highest consolidation zone from which Nifty catapulted to 18000. Value buying of most stocks was seen at these levels.