The markets will continue to face resistance at ~39400/11670. A failure to convincingly cross and close above these levels will ensure that the bulls remain
vulnerable and the bears have the upper hand. It is best to trade the NIFTY along the flow (only intraday positions) and continue to focus on individual stocks for positional longs.
| Index Levels | ||
| Date | 29-Oct-19 | |
| Index | Sensex | Nifty |
| S2 | 39,097 | 11,582 |
| S1 | 39,174 | 11,605 |
| Previous Close | 39,250.20 | 11,627.15 |
| R1 | 39,278 | 11,635 |
| R2 | 39,285 | 11,637 |
| Fair Value | 30,364 | 8,995 |
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