The Highs for the year are in place; do not expect a fresh new high in 2018.
Having said that, we have only corrected ~7% from the highs - its the sheer intensity and speed of the correction
that shaken investors and traders alike.
that shaken investors and traders alike.
We could see a small bounce from the current levels.
With Tuesday a trading holiday, the Bulls will try to engineer a pull-back on Monday.
With Tuesday a trading holiday, the Bulls will try to engineer a pull-back on Monday.
Use all rally's / pull-backs to initiate fresh shorts with a target of 35300 and subsequently 34400.
Stock-specific opportunities will present themselves every now and then - we will take them as they come.
| Date | 01-Oct-18 | |
| Index | Sensex | Nifty |
| S2 | 35,986 | 10,859 |
| S1 | 36,194 | 10,922 |
| Previous Close | 36,227.14 | 10,930.45 |
| R1 | 36,255 | 10,940 |
| R2 | 36,365 | 10,973 |
| Fair Value | 31,972 | 9,648 |
