There is no change in the market outlook from yesterday.
The short term trend will turn neutral from currently negative, only with a close above 39605/11678.
Between 38558/11379 and 39460/11645, the markets will consolidate with a resoundingly negative bias.
Continue to remain short on the NIFTY, while taking a stock-specific view.
Do not get fooled or carried away but any bounce/rise unless 39605/11678 is conquered comfortably.