After having crossed 34200 yesterday, despite my doubts & apprehension about the same, the support / SL level for the day has shifted to 34250.
At the same time, the region between 34300 and 34400 looks like a minefield of resistances.
Only aggressive traders can initiate small & calibrated longs between 34250 & 34350; keeping an overall SL below 34200 and target 34500+ in the days to come.
And like I have maintained throughout the week, the ultimate support zone for the markets still remains at 34000.
| Date | 16-Feb-18 | |
| Index | Sensex | Nifty |
| S2 | 34,235 | 10,526 |
| S1 | 34,251 | 10,531 |
| Previous Close | 34,297.47 | 10,545.50 |
| R1 | 34,340 | 10,558 |
| R2 | 34,355 | 10,563 |
| Fair Value | 28,838 | 8,867 |
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