The region from 36298 to 36320 is a very strong support zone for the markets.
Likewise 36428 to 36489 is a strong resistance zone and the Sensex is firmly ensconced between these 2 ranges.
We could see some consolidation and even a small rally attempt from these levels, before the markets fall again.
Initiate fresh shorts only closer to the resistances.
| Date | 12-Feb-19 | |
| Index | Sensex | Nifty |
| S2 | 36,298 | 10,860 |
| S1 | 36,320 | 10,866 |
| Previous Close | 36,395.03 | 10,888.80 |
| R1 | 36,428 | 10,904 |
| R2 | 36,446 | 10,938 |
| Fair Value | 32,089 | 9,602 |
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