There is no change in the market outlook from last week - further falls will be inter-spaced with brief rally's and strong pull-backs.
Be it time correction/price correction or volatile consolidation - a bottom may emerge only after 11th December 18, when the state elections will be out.
For the starting of the week, small-staggered longs with a strict stop-loss will be a good idea.
| Date | 15-Oct-18 | |
| Index | Sensex | Nifty |
| S2 | 34,607 | 10,433 |
| S1 | 34,664 | 10,450 |
| Previous Close | 34,733.58 | 10,472.50 |
| R1 | 34,808 | 10,494 |
| R2 | 34,924 | 10,529 |
| Fair Value | 31,815 | 9,591 |
