Will banknifty move past 35700?

BN along with Nifty retraced 23.2% yesterday from the lows to day's high. Usually, in such a market we see 50 -60% pullback. However, today we are seeing a sharp bounce at the open. Not clear what this means. Is it that markets are super bullish hence the corrections are shallow? Or is it volatility, as we have a "War" going on and a big event (Fed meet) coming tomorrow. I believe it is later, but will let the markets give further clues. Till then trade light!