While the undertone seems to be positive; the Sensex needs to cross convincingly the previous day high of 35438, for the positive undertone to convert into a rally.
In the worst case scenario, the Sensex will probably consolidate between 35090 and 35400.
The trading strategy again shifts to ignore/avoid the Indices and stick to individual stocks.
The overall SL level stands at 34994, below which the undertone will turn negative.
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