Friday's bounce/rally could continue for a bit before fizzling out. The best case scenario for the markets for the near term is volatile consolidation in the 35600-36000 zone.
The target for January still stands at ~34400/10350, unless 36600 is convincingly taken out.
| Date | 07-Jan-19 | |
| Index | Sensex | Nifty |
| S2 | 35,607 | 10,702 |
| S1 | 35,640 | 10,712 |
| Previous Close | 35,695.10 | 10,727.35 |
| R1 | 35,744 | 10,744 |
| R2 | 35,822 | 10,767 |
| Fair Value | 31,455 | 9,454 |
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