Having consistently taken out resistances and moved ahead, the markets still have a little upside left in them - possibly till ~36200.
Having said that, the underlying outlook still remains EXTREMELY CAUTIOUS or
VERY BEARISH.We continue to hold and add to, Out-of-Money Nifty Puts and will also short the NIFTY during the day.
| Date | 10-Jul-18 | |
| Index | Sensex | Nifty |
| S2 | 35,842 | 10,825 |
| S1 | 35,897 | 10,842 |
| Previous Close | 35,934.72 | 10,852.90 |
| R1 | 35,956 | 10,860 |
| R2 | 36,133 | 10,913 |
| Fair Value | 32,153 | 9,711 |
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