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 |
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