Any rise or bounce can be used for shorting - intraday or positional.
The next targets for the markets are 38075 & 36996 (11355 & 11033). This is not the time for value-hunting or bottom-fishing even though trading long opportunities present themselves every now and then.
| Index Levels to Watch & Fair Value | ||
| Date | 11-Jul-19 | |
| Index | Sensex | Nifty |
| S2 | 38,436 | 11,463 |
| S1 | 38,505 | 11,483 |
| Previous Close | 38,557.04 | 11,498.90 |
| R1 | 38,615 | 11,516 |
| R2 | 38,669 | 11,532 |
| Fair Value | 28,749 | 8,574 |
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