The market action on last Friday and as well as the week gone by was on expected lines.
The levels of 38500/11360 are now a huge/formidable resistance for the markets.
I don't see any significant upside from the current levels - instead the downside will accelerate further till 37464/11050 in the days to come.
The target for this dip should be 36300/10700.
Keep a closing SL at 38541/11375 and remain short.
In stocks, we continue to have aggressive longs as well as shorts.