The markets are now precariously poised.
Unless 46376/13594 is decisively taken out soon, the uptrend will pause/die out soon.
Downside support exists at multiple levels from 46162/13531 to 46005/13485 and finally at 45781/13420.
Any sideways movement between 46162/13531 and 46400/13600 should not be used to get into fresh longs.
We continue to have short positions on the NIFTY and the BANKNIFTY, and stock-specific long positions.