Current price 10316, index have either up or down situation this happens due to big traders trapped through invalid signal that's the reason index will take support at approx 9863-9988, if not hold then serious sentiments will come and approx 12-15 months take time for recovery (may be more).
Possible for bounce back...not sure for quality bounce back...!
References:
See below previous analysis " All movement has been followed as per analysis"
Analysis Date Apr 22, 2018 ----------------------------------
Analysis Date Feb 09, 2018 ----------------------------------
Analysis Date Feb 06, 2018 ----------------------------------
Analysis Date Jan 24, 2018 ----------------------------------