The Sensex is less than a percent away from its previous lifetime high. What difference does it make if the markets correct from the current levels or from a % higher? The odds for April expiry favor the bears more than the bulls.
Conservative traders can look at stock-specific opportunities rather than trying to figure out the direction of the markets and going long/short.
Date | 01-Apr-19 | |
Index | Sensex | Nifty |
S2 | 38,606 | 11,604 |
S1 | 38,631 | 11,611 |
Previous Close | 38,672.91 | 11,623.90 |
R1 | 38,711 | 11,635 |
R2 | 38,880 | 11,686 |
Fair Value | 28,527 | 8,574 |
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