There is no change in the market outlook - both near term as well as short term.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 | 29-Aug-19 | |
Index | Sensex | Nifty |
S2 | 37,322 | 11,008 |
S1 | 37,409 | 11,033 |
Previous Close | 37,451.84 | 11,046.10 |
R1 | 37,515 | 11,065 |
R2 | 37,544 | 11,073 |
Fair Value | 29,680 | 8,754 |
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