The downtrend will only accelerate in the days to come. The Sensex is trying to consolidate around 37400, for how long it remains to be seen. Can build aggressive short positions at the current levels with a closing SL at 37546/11096.
| Index Levels to Watch & Fair Value | ||
| Date | 20-Aug-19 | |
| Index | Sensex | Nifty |
| S2 | 37,321 | 11,030 |
| S1 | 37,358 | 11,041 |
| Previous Close | 37,402.49 | 11,053.90 |
| R1 | 37,446 | 11,067 |
| R2 | 37,493 | 11,081 |
| Fair Value | 29,712 | 8,781 |
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