We are 2 months away from the election results, it is a good time for the markets to draw the curtains on the "pre-election" rally and get into a volatile consolidation phase.
Aggressive traders can initiate shorts at the current levels with a closing SL at 38484 (11553).
| Date | 25-Mar-19 | |
| Index | Sensex | Nifty |
| S2 | 37,903 | 11,379 |
| S1 | 38,089 | 11,435 |
| Previous Close | 38,164.61 | 11,456.90 |
| R1 | 38,207 | 11,470 |
| R2 | 38,239 | 11,480 |
| Fair Value | 28,511 | 8,559 |
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