Its far more easier for the Sensex to wallow near the supports than to even attempt to cross the resistances.
However, this makes the supports vulnerable to be broken and broken ruthlessly.
Continue 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 | 27-Jun-18 | |
Index | Sensex | Nifty |
S2 | 35,403 | 10,741 |
S1 | 35,482 | 10,765 |
Previous Close | 35,490.04 | 10,769.15 |
R1 | 35,526 | 10,779 |
R2 | 35,550 | 10,786 |
Fair Value | 32,213 | 9,773 |
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