Yesterday's 2+% rise was indeed astounding, but doesnt imply that the markets are anywhere out of the woods.
My targets of 32268/9705 still stand as of now.
For the day, 34153 is a formidable resistance.
The outlook will turn positive only after the Sensex manages to close above and sustain 35406.
| Date | 30-Oct-18 | |
| Index | Sensex | Nifty |
| S2 | 33,855 | 10,188 |
| S1 | 33,923 | 10,209 |
| Previous Close | 34,067.40 | 10,250.85 |
| R1 | 34,153 | 10,278 |
| R2 | 34,446 | 10,366 |
| Fair Value | 32,135 | 9,670 |
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