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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