Any rise/bounce can be safely shorted. The undertone remains volatile with a hugely negative bias. Unless the markets close above and comfortably sustain 39357/11825, there is no hope for the bulls.
| Date | 22-May-19 | |
| Index | Sensex | Nifty |
| S2 | 38,751 | 11,643 |
| S1 | 38,885 | 11,684 |
| Previous Close | 38,969.80 | 11,709.10 |
| R1 | 38,995 | 11,717 |
| R2 | 39,097 | 11,747 |
| Fair Value | 28,124 | 8,451 |
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