BN spot
BankNifty position is like a cat on the wall. The closing is not bearish (but at a mix juncture), but the news flowing in are too bearish, for BN and market in general.
As per 100 points theory
If BN crosses and sustains above 24833, then will go up for 100 points
and
If breaches and remains below 24800, then will move down for 100 points (min) and may extend further.
Though my bias, is for an upmove, may (or may not) be after a dip, Just my view.
Monday is likely to be highly volatile day, with good up and down moves, so trade cautiously.