For any reversal/rally to sustain, VIX needs to cool down. For now sustaining below 39 would be the 1st confirmation for a pullback to 30 then 25. With Q4 Advance Tax noes coming in from Monday, we would be seeing stock specific reactions going forward unlike the systematic fall we have been witnessing since FEB. So a word of caution, not every Inky Pinky Ponky will give returns, be very selective, from here once again domestic triggers will play a vital role.

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