There are too many news-bytes and resistances that the markets have to contend with at the moment; easier for them to slip further rather than attempt to even stabilize. Continue to remain short on the Nifty and stick to
stock-specific longs.
| Date | 22-May-18 | |
| Index | Sensex | Nifty |
| S2 | 34,386 | 10,445 |
| S1 | 34,594 | 10,508 |
| Previous Close | 34,616.13 | 10,516.70 |
| R1 | 34,694 | 10,539 |
| R2 | 34,728 | 10,549 |
| Fair Value | 30,054 | 9,129 |
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