The Sensex is only 2.64% from the previous Life High (36443.98); but as we saw today - scaling and sustaining 35500 is a very tough nut to crack. Its best to trade the range for now - 35000-35500.
We are holding BANKNIFTY Puts and will go long on the NIFTY Calls with a SL at 35444/35121 (depending on risk appetites).
| Date | 12-Jun-18 | |
| Index | Sensex | Nifty |
| S2 | 35,444 | 10,777 |
| S1 | 35,470 | 10,784 |
| Previous Close | 35,483.47 | 10,786.95 |
| R1 | 35,544 | 10,807 |
| R2 | 35,606 | 10,826 |
| Fair Value | 31,264 | 9,506 |
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