NIFTY Snapshot: Primed for Action – 13 Jan

Market Bias: Extreme Bearish (with potential for a technical bounce)
Trading Range: 23,400 – 23,600
Trend: Bearish – Favorable for a Sell-on-Rise strategy.

Strength Analysis (Bullish/Bearish):
Daily: 25/75
Weekly: 32/78
Monthly: 11/89

Sector Performance:
Strong: Technology (boosted by TCS results; upcoming reports from other key players could lead to either major short covering or further correction, though the latter seems less likely).
Weak: Broad-based weakness across sectors.

Position Update:
Currently holding SHORTS. Plan to reduce shorts during the expected technical bounce (1–2 days) and re-enter on fresh shorting opportunities.