We initiated fresh aggressive shorts on Nifty on Friday afternoon.
While many frontline stocks are showing fresh promise and momentum, on the Index level, the near-term outlook continues to be of extreme caution / sell on rise. Stick to stock - specific opportunities only.
| Date |
30-Apr-18
| |
| Index | Sensex | Nifty |
| S2 | 34,884 | 10,665 |
| S1 | 34,927 | 10,678 |
| Previous Close | 34,969.70 | 10,692.30 |
| R1 | 35,018 | 10,705 |
| R2 | 35,248 | 10,776 |
| Fair Value | 30,351 | 9,279 |
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