Continue to remain short / negative on the markets for the short term. In the near term, expecting extreme volatility with a negative bias. Any rise can be used to initiate shorts.
| Index Levels to Watch & Fair Value | ||
| Date | 28-Aug-19 | |
| Index | Sensex | Nifty |
| S2 | 37,592 | 11,091 |
| S1 | 37,607 | 11,095 |
| Previous Close | 37,641.27 | 11,105.35 |
| R1 | 37,732 | 11,132 |
| R2 | 37,808 | 11,154 |
| Fair Value | 29,648 | 8,747 |
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