Nifty gap up along with sloping trend line (action), yesterday prints bearish engulfing suggests the price is reacting and possibly move towards the trend line (reaction). Bull trigger if we can break the Monday high (resolution). Within this set up, markets inclined to take profits off the table and hence moves to 37300 is in order while below 38200. This fall remain corrective sans any triggers of close below 37300. Broad clues remain negative and hence profit taking to drive the day. 37400-38400 the range with short bias.
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