Again,there is no change in the near term outlook for the markets - however the markets will be volatile.
And don't expect any fireworks outside of the SENSEX/NIFTY & BANKNIFTY universe - so trade accordingly or you will miss the rally in the frontline indices while waiting for some action in the midcaps and smallcaps which may not happen for a long time.
Any dip is an opportunity to add aggressively to your long positions.
For the day, 54214/16194/35735 are strong supports for the markets.
The closing targets of 54605/16365/36750 and 55045/16460/37300 are safe as long as the markets are trading above 52940/15813/34956.
Conservative traders can keep their SL at these levels.
--