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 |
--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG