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 |
--
By reading this post, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG
