Nifty seems to have rebounded well from 4930 odd. What happened on Monday was phenomenal. The markets went down to 4955 and around 1:30 pm, it just burst up. I had shorted the market at 4980, but thankfully I had put a stop loss of 4990, which got triggered. The markets went up from 4955 to 5020 in minutes, and eventually closed at 5050. And that is where the current weakness seems to have ended. So far so good. Have gone long with some select stocks, lets see whether the markets hold up.
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