After breaking yesterday's supports, the markets corrected all the way to 37786/11036 as against the given targets of ~37700/11000.
The erstwhile supports have now become resistances for the markets. Any rise will be sold into and capped at ~40000/11500.
As of now, its a remote possibility that the markets will reenter into a long term uptrend anytime soon.NIFTY shorts and stock-specific trading longs are the way forward for traders.
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.