Having met the near term targets on the downside, the markets have bounced back smartly from the recent lows.
Going forward into a truncated trading week after a long time (Friday is a holiday on account of Gandhi Jayanti), expect the recent lows of ~36500/10800 to hold on for now.
The markets could make a dash towards 38300/11300 in the near term - before again pausing for breath and looking for a fresh direction thereafter.
We exited most of Thursday's BANKNIFTY & NIFTY longs on Friday itself - but Monday is a good day to initiate fresh aggressive longs.
The markets have a near term target of ~38300/11300 - so add fresh longs keeping a trailing SL at 37000/10930.
We have been having stock specific BUY positions since long before the rout in the markets - we still continue to hold on to these.