The markets recovered very smartly from yesterday's lows - just a tad above the final support levels of 45781/13420 given in this column yesterday.
However, our outlook remains unchanged from yesterday - Unless 46373/13600 is decisively taken out soon, the uptrend will pause/die out soon.
We continue to have short positions on the NIFTY and the BANKNIFTY, and stock-specific long positions. We will relook/exit our shorts only if the markets manage to hold 46400/13610.
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