Pattern Price Movement - Made a new low on daily recovered from the same. EOD on candlestick the pattern is a bullish belt hold which comes after a downtrend. Hence, it signifies a change in the downtrend. Most probably we are going to see a range developing with a sideways market for few days may be weeks.
This needs followup tommorow, lets see if the index gaps up.
Indicators have given a signal to close the shorts and wait to intiate new positions.
Conclusion - Markets may rally for 2-3 days now. Sell at higher levels.
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