A close above 39950/11822 will propel the markets into the "New High Zone".
However, if the markets shy just short of these levels,
we will remain stuck in the 37700-39900 (11150-11800) band for some more time.
From being bearish on the indices, now its time to be cautiously neutral.
Index Levels | ||
Date | 30-Oct-19 | |
Index | Sensex | Nifty |
S2 | 39,574 | 11,711 |
S1 | 39,668 | 11,738 |
Previous Close | 39,831.84 | 11,786.85 |
R1 | 39,950 | 11,822 |
R2 | 40,066 | 11,856 |
Fair Value | 30,600 | 9,055 |
--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks. com/disclaimer.JPG