There is tremendous resistance at ~26720 odd levels. While the supports seem to be in place, the resistance zone needs to be cleared before the bulls get tired and give way to the bears. Only aggressive traders can continue to initiate longs at current levels and on dips till 26400 with a view on the expiry.
Date
|
5-Jan-17
| ||
Index
|
Sensex
|
Nifty
| |
S2
|
26,514
|
8,154
| |
S1
|
26,606
|
8,182
| |
Previous Close
|
26,633.13
|
8,190.50
| |
R1
|
26,654
|
8,197
| |
R2
|
26,723
|
8,218
| |
Fair Value
|
26,187
|
8,053
| |
