The Sensex now needs to take out yesterday's high of 33637 for the rally from the 32900 zone to gain further boost.
However I don't see that happening today.
On the downside,as long as the Sensex trades above 33405 today, the near term outlook remains bullish.
Depending on your risk appetite, trade light for the day or simply hold on to your existing longs with a SL at 33405.
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