If the bears pause at 39565/11580 today, we could see a small bounce in the near term.
However, if these levels are broken on a closing basis, then the markets will eventually break 39400/11500
and head towards sub 39000/11400 levels in the coming days.
Nevertheless, it makes sense to book profits on your short positions before the weekend and wait for Monday to initiate fresh shorts.
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.