Short recovery in Nifty Futures is possibble

Nifty Futures Discount is reduced to 7 from 10.2 points. Hourly chart's indicators MACD and RSI also suggest suggest that Nifty is in oversold condition. SCO is 5 which suggest oversold condition. Some upside might be tested before resuming the downtrend. Nifty Futures closed above 5 Hour EMA.