The near term target for the markets is ~38000.Its difficult to see fresh high's immediately post ~38000.
As regards to supports/SL, the region around 37294-37320 is a strong support zone for now.
Whether you're already holding longs or looking to add longs, keep a strict trailing SL in the 37294-37320 zone for a target of ~38000.
| Date | 06-Aug-18 | |
| Index | Sensex | Nifty |
| S2 | 37,426 | 11,321 |
| S1 | 37,486 | 11,339 |
| Previous Close | 37,556.16 | 11,360.80 |
| R1 | 37,582 | 11,368 |
| R2 | 37,608 | 11,376 |
| Fair Value | 32,284 | 9,765 |
