With the global cues, as they are - expect a Gap-Down opening to our markets as well.
However, I would expect our markets to stabilize around ~35400/10375. A close below these levels will take the markets closer to ~30800/9000.
For the time being, upsides are also capped at ~35900/10520.
While this is no market for investors/value seekers but after today, even traders will need to be extremely cautious - since, after last Friday, we have been totally driven by global cues. And the global cues, in turn, are driven by the economic and political impact of the Corona Virus pandemic.
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