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Bears in strong position over Bulls.

Bears successfully broke down Bulls last hope  of 11900-11880 zone and close well below that zone. Now Bears have clear upper hand over Bulls.
Next watchable downside level is at 11745-11725 zone.
High Beta stocks started breaking key supports. Hence, some more days we may see this fall in market.
Avoid building fresh long positions.

Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com