Analysis: Currently, the market is in the fear zone, as we can see from the past chart how the market behaved in these times. Here we are anticipating a trend line that confluence with the previous supply zone which can now act as a demand zone in near time i.e April month.
Looking at the current market regime where people are aware and hopeful for the country's growth, I anticipate that market will recover very soon if there will be no world war scenario till march end.
Trade setup: We can currently make money using bearish option strategies ex: bear call spread, short call, bear put ladder, etc. Once the market hits the 28000 level, we can deploy bullish options strategies ex: Bull call spread, Bull call ratio spread, Bull call ladder, Bull Put spread, etc.