Pause or reversal ???

Yesterday markets opened - ve and raised to + ve immediately and later closed in flat after struggling to cross nifty 2800. (with a false break out). Shifting is going on in F & O to March series. What is the impact of the Yesterday's bounce?  It will be known with in the first hour trade of today.  If falls markets go down further. Else any thing happens on the upper side. Bank shares are at short. Stochastic is slowly coming down but not fully over sold.  Wait for further fall to buy calls for  this month.