The markets are back on track towards their rightful levels.
Everyone who took the 3 day rally as the resumption of the uptrend was and is still grossly mistaken.
Everyone who took the 3 day rally as the resumption of the uptrend was and is still grossly mistaken.
However the markets will also test the nerves and the patience of the bears as well.
The slide from here to 37000 (11000) odd levels will have its share of false
The slide from here to 37000 (11000) odd levels will have its share of false
rally's/ pullbacks and such.Conservative traders can wait till Monday for shorting afresh.
| Index Levels to Watch & Fair Value | ||
| Date | 19-Jul-19 | |
| Index | Sensex | Nifty |
| S2 | 38,685 | 11,534 |
| S1 | 38,857 | 11,585 |
| Previous Close | 38,897.46 | 11,596.90 |
| R1 | 38,929 | 11,606 |
| R2 | 38,975 | 11,620 |
| Fair Value | 28,950 | 8,631 |
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