The near term bottom seems to be in place at 37011/10824. We could see a rally/bounce from the current levels.
Traders can go long with a trailing SL at 37380/10930 for targets of ~38000/11100. The targets could progressively go up further in the near to short term.
The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
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