Expect a brief bounce-back today.The markets are over-sold in the extreme near-term. Do not short the rally immediately.
The closing targets of 37886/11285 this week still stand.
| Index Levels to Watch & Fair Value | ||
| Date | 22-Jul-19 | |
| Index | Sensex | Nifty |
| S2 | 38,128 | 11,357 |
| S1 | 38,271 | 11,400 |
| Previous Close | 38,337.01 | 11,419.25 |
| R1 | 38,524 | 11,475 |
| R2 | 38,556 | 11,484 |
| Fair Value | 28,709 | 8,551 |
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