The failure to cross the resistance at 35877 and sustain above the resistance of 35739 has left the markets vulnerable to further downside from the current levels. While I continue to be bullish on select large cap stocks, it will be a good idea to aggressively short the NIFTY at the current levels with a SL at 10843. Have also started to accumulate July NIFTY Puts & June BANKNIFTY Puts since last week (Both are Out-of-the-Money Puts).
| Date | 26-Jun-18 | |
| Index | Sensex | Nifty |
| S2 | 35,391 | 10,737 |
| S1 | 35,430 | 10,749 |
| Previous Close | 35,470.35 | 10,762.45 |
| R1 | 35,485 | 10,766 |
| R2 | 35,531 | 10,780 |
| Fair Value | 32,194 | 9,768 |
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