Prep for 24 Jan

US market has established a break down and we can expect a bearish sentiment for 1-2 months at least. As usual, there will be sharp rebounds which would be great opportunities to go short.

For Nifty, it is best if we could consolidate here before starting the next leg down - expect it to happen in a step by step manner. 

Ibullhsgfin on radar as this has been consolidating since long and can break in either direction.