With close to a 1000 point weekly gain on the Sensex (300 on the Nifty), expect some profit-booking / cooling-off today.
Better to trade light for the day.
Any major move outside the 38858-39184 band (11532-11629) will see an accelerated move in that direction which will probably set the course for the next week's move as well.
| Index Levels | ||
| Date | 27-Sep-19 | |
| Index | Sensex | Nifty |
| S2 | 38,893 | 11,542 |
| S1 | 38,943 | 11,557 |
| Previous Close | 38,989.74 | 11,571.20 |
| R1 | 39,184 | 11,629 |
| R2 | 39,441 | 11,705 |
| Fair Value | 29,730 | 8,823 |
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