Definitely not possible. Even if the slide happens, in the worst possible scenario, BNF will bounce back from 33300 - I would like to repeat - worst possible scenario. 31k does not look possible in the current bull run.
FutureRider
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@santhasa, Sir due to International Pressure & Tweet of U.N Human Rights Regarding Farmer Protest this Scenario can happened. otherwise i already mentioned the support level of 33500 as you mentioned 33300
santhasa
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@FutureRider, Thank you sir for your response. I still think UN Human rights tweet is a non-issue in the ongoing farmers protest and it won't affect the markets generally given that UN is a toothless organization. However, if we see nations like U.S. or U.K. condemning this or threatening India with sanctions, it will start affecting the markets. While I also expect the Bank Nifty to correct (just because it has shot up 6000 points in a week), I do not expect the levels of 31k to come in the near future.
FutureRider
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@santhasa, I also hope shouldn't be like that. Market should be go up