While the near term target remains at ~36000 for the Sensex, be wary of shorting the markets today. We could possibly see a small relief rally. Best to wait till next week for fresh aggressive shorts.
| Index Levels to Watch & Fair Value | ||
| Date | 14-Aug-19 | |
| Index | Sensex | Nifty |
| S2 | 36,537 | 10,801 |
| S1 | 36,888 | 10,905 |
| Previous Close | 36,958.16 | 10,925.85 |
| R1 | 36,983 | 10,933 |
| R2 | 37,095 | 10,966 |
| Fair Value | 29,789 | 8,806 |
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