Inspite of yesterday's rise, nothing has changed for the markets.
The levels of 38500/11360 are now a huge/formidable resistance for the markets.
The downside will accelerate further till 37464/11050 in the days to come.
The target for this dip should be 36300/10700.
Keep a closing SL at 38541/11375 and remain short.
In stocks, we continue to have aggressive longs as well as shorts.
| Date | 18-Aug-20 | |
| Index | Sensex | Nifty |
| S2 | 37,973 | 11,224 |
| S1 | 37,993 | 11,230 |
| Previous Close | 38,050.78 | 11,247.10 |
| R1 | 38,080 | 11,256 |
| R2 | 38,103 | 11,263 |
| Fair Value | 29,182 | 8,626 |
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