We are in a correction mode now and I'm not looking at the bottom anytime soon. Since you must have booked profits, time to short the markets and get into Puts, like we did on Friday.Whether you short or not, dont buy on dips or look for value buying anytime soon.
| Date | 13-Aug-18 | |
| Index | Sensex | Nifty |
| S2 | 37,816 | 11,414 |
| S1 | 37,828 | 11,418 |
| Previous Close | 37,869.23 | 11,429.50 |
| R1 | 37,912 | 11,443 |
| R2 | 37,921 | 11,446 |
| Fair Value | 32,208 | 9,722 |
