The key to any short term recovery lies in the Sensex managing to regain 35440-35454 today. Below this zone, the near term outlook remains shaky and gives the bears ample control.
Aggressively short the markets keeping the SL at ~35450.
| Date | 17-May-18 | |
| Index | Sensex | Nifty |
| S2 | 34,990 | 10,619 |
| S1 | 35,242 | 10,695 |
| Previous Close | 35,387.88 | 10,741.10 |
| R1 | 35,440 | 10,756 |
| R2 | 35,454 | 10,760 |
| Fair Value | 30,465 | 9,246 |
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