NIFTY, what next?

Today, the market found support at the S4 level of the expiry pivot. Will it withstand or will the downtrend resume?
The day's option chain (expiry 08-08-2024) suggests a bleak outlook, hinting at a potential further decline.

However, the last 30 minutes have shown signs of recovery.

If global cues stabilize, there's a chance for recovery from the oversold territory.
NB: The tables are hard coded and not part of any script.