Watch out for 17,800-17,900; avoid fresh longs next week & remain stock specific: Mehul Kothari

“It was a fabulous recovery and the magnitude of that was very surprising but the markets are supreme. 17,800 – 17,900 could possibly be a temporary reversal point for the index. If that is taken out in the coming week then yes, we could witness 18,200 too in this series. However, a small correction would be healthy to balance out the ongoing bullish structure.”