In the extreme near term, I'm extremely bearish on the markets (Like I have been saying so, in the past 2/3 Sensex Outlook's).I have been advising profit-booking post 35500 and now I'm looking at much lower levels in the near term.
This bearish outlook will be negated only, if by some Magic, the Sensex manages to close above 35768 tomorrow.
Keep the same level as the SL for all short positions.
Date | 18-Jun-18 | |
Index | Sensex | Nifty |
S2 | 35,541 | 10,793 |
S1 | 35,572 | 10,802 |
Previous Close | 35,622.14 | 10,817.70 |
R1 | 35,654 | 10,827 |
R2 | 35,768 | 10,862 |
Fair Value | 31,577 | 9,589 |
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