The markets are now in a sell/short rise zone till 10800.
We initiated shorts on the NIFTY towards the end of trade yesterday and continue to remain short on the NIFTY for targets of 10550-10500.
The bearish outlook as above will be negated with a close above 36776/10829. Keep a closing SL at these levels for your NIFTY short positions.
We continue to hold stock-specific long positions.