There is no change in the near term outlook from yesterday - expect the indices to drift lower and close the F&O series at sub 33500/ sub 10000 levels.
Any rise can be safely used to create fresh shorts, since the markets cannot sustain higher levels - like we saw yesterday.
The outlook will turn positive only after the Sensex manages to close above and sustain 35409.
| Date | 23-Oct-18 | |
| Index | Sensex | Nifty |
| S2 | 33,724 | 10,121 |
| S1 | 34,083 | 10,229 |
| Previous Close | 34,134.38 | 10,245.25 |
| R1 | 34,195 | 10,263 |
| R2 | 34,317 | 10,299 |
| Fair Value | 32,153 | 9,650 |
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