The indices, as expected, recovered substantially from panic low opening. The rceovery can be expected to continue today.The crucial levels for NIFTY/SENSEX are 4745 and 16030 on upside. If these levels are crossed then NIFTY/SENSEX will moce up further to a level of 4820 and 16225 respectively. Alternatively NIFTY/SENSEX may decline to test the frsh support around 4630-4650 and 15740-15760 respectively.
Avoid short selling at the current low levels. Traders with a minimum holding period of 3-4 days persepctive should buy in small lots on further decline.
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