The markets face tremendous resistance between the current levels and 37200 (~11000). It remains to be seen if these resistances can be taken out anytime soon.
On the downside, the recent low of 36102 is waiting to be violated once again, giving way to the short term target of 35468 (10498).
| Index Levels to Watch & Fair Value | ||
| Date | 9-Sep-19 | |
| Index | Sensex | Nifty |
| S2 | 36,896 | 10,921 |
| S1 | 36,907 | 10,924 |
| Previous Close | 36,981.77 | 10,946.20 |
| R1 | 37,013 | 10,955 |
| R2 | 37,098 | 10,981 |
| Fair Value | 29,493 | 8,730 |
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