Inspite of yesterday's rally, I remain bearish/cautious on the markets in the immediate / near term. Continue to hold on to the shorts/ put entered into yesterday.
| Index Levels to Watch & Fair Value | ||
| Date | 7-Aug-19 | |
| Index | Sensex | Nifty |
| S2 | 36,932 | 10,935 |
| S1 | 36,953 | 10,941 |
| Previous Close | 36,976.85 | 10,948.25 |
| R1 | 37,059 | 10,973 |
| R2 | 37,154 | 11,001 |
| Fair Value | 30,329 | 8,980 |
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