The markets are currently poised at supports and inspite of the gloomy global cues, I would stick my neck out and expect a small bounce from the current levels.
Having said that, the overall trend remains negative below 38408/11390. Intraday traders can trade the Nifty for a small bounce from supports or better stick to stocks only.
| Index Levels | ||
| Date | 3-Oct-19 | |
| Index | Sensex | Nifty |
| S2 | 37,930 | 11,249 |
| S1 | 38,286 | 11,354 |
| Previous Close | 38,305.41 | 11,359.90 |
| R1 | 38,371 | 11,379 |
| R2 | 38,386 | 11,384 |
| Fair Value | 29,892 | 8,865 |
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