The markets have broken key near term supports and being a Friday after a hugely positive week - I have no positive expectations from this day.
Too early to infer that the medium term trend has started or will start from later next week.
Just trade light for the day.
Date | 31-Aug-18 | |
Index | Sensex | Nifty |
S2 | 38,520 | 11,627 |
S1 | 38,631 | 11,660 |
Previous Close | 38,690.10 | 11,676.80 |
R1 | 38,707 | 11,683 |
R2 | 38,751 | 11,697 |
Fair Value | 32,135 | 9,700 |