On the upside, if the markets manage to cross 38300/11570, we could see the near term rally extend all the way to 38500+/11600+.
The short to medium term outlook continues to be bearish and we will see substantially lower levels in the weeks to come.
| Date | 27-Aug-18 | |
| Index | Sensex | Nifty |
| S2 | 38,173 | 11,533 |
| S1 | 38,200 | 11,541 |
| Previous Close | 38,251.80 | 11,557.10 |
| R1 | 38,280 | 11,565 |
| R2 | 38,294 | 11,569 |
| Fair Value | 32,012 | 9,671 |
