The bad news first - the bulls have nowhere to hide & the good news? There are not many bulls left to hide.
We have had rallies that overstretched and over-extended and now a correction which too has been over-done.
Having broken the recent lows, we are possibly in for more pain, before the pain relief. To short or not; we will see later in the day - but the key now is to continue to look at stock specific opportunities.
| Date | 7-Mar-18 | |
| Index | Sensex | Nifty |
| S2 | 33,078 | 10,176 |
| S1 | 33,263 | 10,233 |
| Previous Close | 33,317.20 | 10,249.25 |
| R1 | 33,626 | 10,344 |
| R2 | 33,704 | 10,368 |
| Fair Value | 29,711 | 9,140 |
