Given the weak global cues, its best to initiate small shorts or not trade at all.
Take some profits off the table for the weekend.
Repeating again, the near term outlook will turn favorable for the Bulls to return in a big way only at around ~33900 levels.
| Date | 20-Apr-18 | |
| Index | Sensex | Nifty |
| S2 | 34,330 | 10,534 |
| S1 | 34,395 | 10,554 |
| Previous Close | 34,427.29 | 10,565.30 |
| R1 | 34,479 | 10,580 |
| R2 | 34,502 | 10,587 |
| Fair Value | 29,914 | 9,179 |