Some bounce is possible to relieve the oversold levels...So I took off some more of my short positions but still holding core position with hedges. If market rallies to 2900-2950 area, I will add back to shorts and also close my hedges - we will see when we get there. The caveat is that the daily trend is now firmly down...So any rallies might be weak...Which is exactly why I am not playing this long but keeping core short position.
As always its a game of odds. Trade Safe.
Best.
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