The markets seem to be consolidating in the broad range of 37400-38400. The next major move of the market, whether on the upside or downside will come when the market breaks this range on either side, convincingly. For the day, a brief uptick can be expected on the opening. Had initiated longs at the close yesterday to capture the expected upside on opening today.
Index Levels | ||
Date | 11-Oct-19 | |
Index | Sensex | Nifty |
S2 | 37,849 | 11,225 |
S1 | 37,874 | 11,233 |
Previous Close | 37,880.40 | 11,234.55 |
R1 | 37,922 | 11,247 |
R2 | 37,938 | 11,252 |
Fair Value | 29,588 | 8,775 |
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