A good rally in the global markets over the last two days should help in improving sentiments in our markets too. We anyway have been anticipating an improvement in the indices in the near term. Too much pessimism usually leads to a counter rally. Chances are that markets in the near term would either meander around the current levels in the time wise correction or move up on a short covering rally. Either way makes sense to stay invested and trade on the long side with an appropriate stop loss.
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