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 |
