The fear of the fresh covid wave and the rising cases will keep the markets down initially - however, the underlying trend remains firmly UP.
The levels of 48515/14523 are the support zones for the near term, while 49145/14711 are the resistances above which we will eventually see a huge short covering induced rally.
Aggressive traders remain long/keep adding to your long positions at falls.
Conservative traders can look at stock-specific opportunities or take long trades on the NIFTY with a tight SL and small targets.
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