The trend continues to be downward - we might see a small bounce for the day, but that wont change the near term outlook.
We are on track for a short term target of ~34400.
Keep a SL at 35700 for your short positions and the outlook will turn positive only with a close above 36600.
| Date | 04-Jan-19 | |
| Index | Sensex | Nifty |
| S2 | 35,367 | 10,627 |
| S1 | 35,476 | 10,660 |
| Previous Close | 35,513.71 | 10,672.25 |
| R1 | 35,631 | 10,706 |
| R2 | 35,663 | 10,716 |
| Fair Value | 31,838 | 9,567 |
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