The bears have a lot of catching up to do and going by the Global Cues this morning, it seems that they will catch up with the markets real soon.
Those who are holding on to the shorts from yesterday or Friday, can book part profits and wait for further downside in this truncated trading week.
Date | 20-Nov-18 | |
Index | Sensex | Nifty |
S2 | 35,669 | 10,731 |
S1 | 35,702 | 10,741 |
Previous Close | 35,774.88 | 10,763.40 |
R1 | 35,819 | 10,776 |
R2 | 36,286 | 10,916 |
Fair Value | 31,345 | 9,430 |