With the initial targets of ~38400/11550 over-achieved, expect the downtrend to accentuate further.
Any bounce back should be used to initiate fresh / aggressive shorts for targets of sub-38000/ sub-11400.
Keep a SL at a close above 38663/11608 for all short positions.
| Date | 08-May-19 | |
| Index | Sensex | Nifty |
| S2 | 37,850 | 11,374 |
| S1 | 38,063 | 11,436 |
| Previous Close | 38,276.63 | 11,497.90 |
| R1 | 38,663 | 11,608 |
| R2 | 39,049 | 11,719 |
| Fair Value | 28,149 | 8,458 |
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