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.

Suryadev Bandari
Research Analyst

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