Any bounce back should be used to initiate fresh / aggressive shorts for an initial target of ~38400/11550. Keep a SL at a close above 38800/11658 for all short positions.
| Date | 07-May-19 | |
| Index | Sensex | Nifty |
| S2 | 38,400 | 11,540 |
| S1 | 38,500 | 11,569 |
| Previous Close | 38,600.34 | 11,598.25 |
| R1 | 38,710 | 11,630 |
| R2 | 38,819 | 11,662 |
| Fair Value | 28,165 | 8,463 |
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