A fall below 32900 will only worsen things, but a close above 33200 will not necessarily change the outlook to neutral from currently negative.
32900-33200 should be the new range for the markets for now.
Its better to stick to stock specific opportunities, rather than long or short the Nifty
| Date |
8-Mar-18
| |
| Index | Sensex | Nifty |
| S2 | 32,914 | 10,118 |
| S1 | 33,012 | 10,148 |
| Previous Close | 33,033.09 | 10,154.20 |
| R1 | 33,123 | 10,182 |
| R2 | 33,285 | 10,232 |
| Fair Value | 29,677 | 9,123 |
