Nifty's two-day bounce is a counter-trend move, not a reversal: Rohit Srivastava

Despite recent gains, market sentiment remains cautious as a technical expert views the current bounce as a counter-trend move within a broader decline. Key support at 23,350 is crucial, with a break below expected to lead to further downside. The IT sector's rally, driven by currency, is seen as short-covering, not a trend reversal.