A small bounce from the current levels cannot be ruled out. Might as well play it out too, with small longs on the indices. The overall trend remains firmly down with a target in the range of ~32000 in the next few weeks.
We continue to hold NIFTY PUTS accordingly and also wait to look at stock specific opportunities.
| Date | 19-Feb-19 | |
| Index | Sensex | Nifty |
| S2 | 35,283 | 10,576 |
| S1 | 35,471 | 10,633 |
| Previous Close | 35,498.44 | 10,640.95 |
| R1 | 35,591 | 10,669 |
| R2 | 35,602 | 10,672 |
| Fair Value | 32,337 | 9,693 |
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