Now retailers will rush in and go for shorts panicking about nifty possibly breaking 17k levels, guys its done the downtrend is in its last stages and this is when its gets choppy and tricky. So for now will have a bullish bias view but no more fresh shorting unless a clear opportunity present itself. Till then staying away from the index and looking at stocks etc for fresh opportunites. Ps, dont be that guy and catch a falling knife. Not a good investing period, though bullish on Commodity market and precious metals, uncertain times always trigger shiny metals.