With little or no-scope for further upside from the current levels, its a matter of time that the markets fall like a house of cards. I erred and missed the rally from ~35600 to 36200+ with no long positions in this range.I continue to hold and add to, Out-of-Money Nifty Puts and will also shorted the NIFTY afresh yesterday.
Date | 11-Jul-18 | |
Index | Sensex | Nifty |
S2 | 36,138 | 10,918 |
S1 | 36,178 | 10,930 |
Previous Close | 36,239.62 | 10,947.25 |
R1 | 36,257 | 10,954 |
R2 | 36,463 | 11,016 |
Fair Value | 32,216 | 9,733 |
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