Going forward, the markets can possibly build on yesterday's gains and head towards 39000/118000 in the extreme near term.
Keep a trailing SL at 38428/11612 for all existing & fresh longs.
The short to medium term outlook continues to be bearish and we will see substantially lower levels in the weeks to come.
| Date | 28-Aug-18 | |
| Index | Sensex | Nifty |
| S2 | 38,551 | 11,650 |
| S1 | 38,616 | 11,670 |
| Previous Close | 38,694.11 | 11,691.95 |
| R1 | 38,716 | 11,700 |
| R2 | 39,054 | 11,802 |
| Fair Value | 31,815 | 9,615 |
