On Tuesday, the markets bounced off the day's lows to close only marginally lower. The technical setup of the market this morning remains the same as it was on Tuesday morning.
Expecting a down opening, however any rise or pull-back can be used to initiate fresh shorts.
The SL for short positions for the day will be at 39157.
| Date | 02-May-19 | |
| Index | Sensex | Nifty |
| S2 | 38,943 | 11,723 |
| S1 | 38,971 | 11,731 |
| Previous Close | 39,031.55 | 11,748.15 |
| R1 | 39,106 | 11,772 |
| R2 | 39,157 | 11,787 |
| Fair Value | 27,905 | 8,400 |
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