While the near term outlook continues to be cautious at the moment, expecting the markets to bottom-out soon.
We could see heightened volatility in the run-up to the Karnataka elections, however it should be advantage Bulls soon.
Any dips till 34650 in the initial part of the week should be used to initiate aggressive longs with a SL at 34451.
| Date | 7-May-18 | |
| Index | Sensex | Nifty |
| S2 | 34,649 | 10,538 |
| S1 | 34,848 | 10,598 |
| Previous Close | 34,915.38 | 10,618.25 |
| R1 | 34,978 | 10,638 |
| R2 | 34,990 | 10,642 |
| Fair Value | 30,577 | 9,300 |
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