Intraday Range: 17750-18000
Short Term Range: 17500-18100
Major draggers: IT, Pharma & Media
Stocks to avoid for a while: #INFY & other major IT Stocks.
Stocks to watch: #EICHERMOT & #IDFCFIRSTB
A probable dark horse: #MTARTECH
Global market is sideways to bearish. As long as we don't close above 18100, we'd be consolidating for a while. Below 17750, 17550/17450 are next major supports
Position sizing recommended: Small.
Should we be cautious? : Yes. Keep trailing longs!