Updated: Jun 12, 2020
Sharp snap back rally can't be ruled out in second half 2020
What if the onslaught takes out the Nifty TrendLine[TL] support @7500? the next best support @7320 or 6120, thats 50% & 61.8% retracement levels taken from the range; bottom of 2008 & top of 2020.
Whatever may be the support for Nifty @7500 / 7320 or 6120, sharp snap back rally can't be ruled out in second half 2020 on any news break of gaining control over COVID-19. The snapback reversal shall lead Nifty towards 11150.. get ready for the ride.