It says that 'A healthy long liquidation in the market is important to continue the bullish momentum. The Indian benchmark opened on a flat to negative note led by geopolitical tensions and continued to sustain lower but started moving south after slipping below 11,250 levels negating the formation of 'Bullish Belt Hold' in previous trading session. Out of 2126 stocks, 625 are advanced, 1083 are trading in red and 418 are unchanged. On hourly scale, the index has been bounced back after forming a 'Bullish Divergence'. DMI's are hinting for a convergence.