Nifty expected to bounce soon ?

Nifty made a Hammer on January 01, 2016 and 02 January 2016 gave a confirmation that the market Is going to go bear. As Nifty came bellow our Buy level of 7905 and candle confirming a bear rally. On End of contract basis a call for short was initiated. The market came lower than target 03 of 7331. The chances are bright that the market may bounce back soon.