It is an interesting day coming up for the market today because yesterday we had a significant bounce from the low point and my base case is that with so many shorts added at higher levels yesterday the market would once again want to test yesterday’s low and if that low is not broken in that case there is a chance of a 100 point Nifty rally as well, it could happen. But for that to happen yesterday’s low has to be defended, so let us see if that happens or not.
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