The markets couldn't sustain the day highs yesterday and reverted to the 38340-39000 (11300-11500) trading range.
There isn't much change in the market outlook from yesterday - expect the markets to consolidate in the above range with a negative bias.
The BANKNIFTY should outperform the NIFTY on the upside.
We continue to hold stock-specific longs with adding NIFTY Puts at every rise.
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