Market gave up allmost all the gains of yesterdays. Still we have yesterdays gap. Major stocks in NSENIfty fell as well but worry part is that they fell with the volume higher than last two days. It seems like NSENifty is working towards filling the gap of yesterday. Market may spend some time in the range before deciding its path. So far i don't see this as a good setup for long trades.
NSEMidcap index looks very positive here. I see the volume supporting the price movement. I would watch this index very closely for long trades.
BankNifty had a major bearish action. If market goes down from here, bank stocks may be the best one to short.
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