The markets are firmly stuck in the 37400-38400 (11100-11400) band. Since we are closer to the upper end of the band, it's natural for the markets to attempt to break out on the upside.After one more attempt to break out, we could see a breakdown towards the lower end of the range.
There are ample stock-specific opportunities. The best strategy would be to remain short on the NIFTY and go long on individual stocks.
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