Its dangerous that the markets follow a set pattern - open with a Gap-Up, going by global & SGX Nifty cues and then fall by the end of the day.
Just when this pattern will become too familiar or comfortable, the markets will break it.
Just trade light for the day - will not be surprised if the Sensex manages to erase its weekly losses by half.
But that will not end the downtrend.
35200 and ~34000 remain the near and short term targets for the markets.
| Date | 28-Sep-18 | |
| Index | Sensex | Nifty |
| S2 | 36,220 | 10,946 |
| S1 | 36,238 | 10,951 |
| Previous Close | 36,324.17 | 10,977.55 |
| R1 | 36,397 | 10,999 |
| R2 | 36,425 | 11,008 |
| Fair Value | 31,934 | 9,651 |
