I was expecting the markets to correct further, but instead they rose more than a percent! Yesterday's rise not withstanding, the trend still is downwards only. Keep a SL at 36600 for all your short positions.
Fresh short positions can be taken up at the current levels.
Date | 16-Jan-19 | |
Index | Sensex | Nifty |
S2 | 36,163 | 10,840 |
S1 | 36,230 | 10,860 |
Previous Close | 36,318.33 | 10,886.80 |
R1 | 36,349 | 10,896 |
R2 | 36,412 | 10,915 |
Fair Value | 31,591 | 9,470 |