My bearish stance was vindicated yesterday. The best case scenario for the markets is volatile consolidation in the 35700-36000 band with a negative bias.
And the worst case scenario continues to be a short term target of ~34400.
Keep a SL at 36600 for your short positions.
| Date | 03-Jan-19 | |
| Index | Sensex | Nifty |
| S2 | 35,857 | 10,781 |
| S1 | 35,870 | 10,785 |
| Previous Close | 35,891.52 | 10,792.50 |
| R1 | 35,954 | 10,810 |
| R2 | 36,013 | 10,828 |
| Fair Value | 31,681 | 9,525 |
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