Nifty had positive day after 4 days but still I don't see positive movement in this market. Market breadth is still negative.
We may get little reaction towards upwards as overbought-oversold ratio hasn't turned heavy negative side that shows that we have many congestion in this market.
Looking at this we may have little high push but if we don't have positive moment in this market, it may not be able to hold back and market can push right down.
Short positions should work fine but I find more long setups and less shorting setups.....
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