While the trend is clearly down, the market will pause falling for a bit, before the fall accelerates further.
Do not be fooled into buying into any bounce-backs.
Hold on to your shorts and add further shorts around 37850 (11376) on the upside and 37600 (11310) on the downside.
Date | 09-May-19 | |
Index | Sensex | Nifty |
S2 | 37,421 | 11,263 |
S1 | 37,605 | 11,311 |
Previous Close | 37,789.13 | 11,359.45 |
R1 | 38,111 | 11,443 |
R2 | 38,432 | 11,527 |
Fair Value | 28,192 | 8,474 |
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