The markets did bounce off (marginally) from the supports given yesterday (38911 {38900 given as the support in this column} and 11657 {11660 given as the support in this column}). Going forward, we're not completely out of the woods, use any rise to short the markets afresh. Only with a close above 39125 (11721), will the bears be in a retreating mode. Use these levels as the closing SL for all fresh and existing shorts.
| Date | 18-Jun-19 | |
| Index | Sensex | Nifty |
| S2 | 38,911 | 11,657 |
| S1 | 38,928 | 11,662 |
| Previous Close | 38,960.79 | 11,672.15 |
| R1 | 39,125 | 11,721 |
| R2 | 39,245 | 11,757 |
| Fair Value | 29,119 | 8,724 |
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