While the cues from Singapore and beyond point to a positive opening; its difficult for the markets to sustain higher levels. Aggressive traders can short any opening rise as an Intraday as well as a Positional trade.
| Index Levels to Watch & Fair Value | ||
| Date | 16-Aug-19 | |
| Index | Sensex | Nifty |
| S2 | 37,194 | 10,995 |
| S1 | 37,274 | 11,018 |
| Previous Close | 37,311.53 | 11,029.40 |
| R1 | 37,453 | 11,071 |
| R2 | 37,474 | 11,077 |
| Fair Value | 29,694 | 8,778 |
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