The markets are perched precariously at support levels. Even though we remain in a firm downtrend, a small bounce from the current levels cannot be ruled out. Like a few days ago, have brought NIFTY Calls the previous day as a BTST trade.
Overall, the truncated trading week should see ranged consolidation in the 37600-37900 (11150-11250) band before breaking 37600 (11150).
| Index Levels | ||
| Date | 7-Oct-19 | |
| Index | Sensex | Nifty |
| S2 | 37,661 | 11,171 |
| S1 | 37,663 | 11,172 |
| Previous Close | 37,673.31 | 11,174.75 |
| R1 | 37,708 | 11,185 |
| R2 | 37,807 | 11,214 |
| Fair Value | 29,657 | 8,797 |
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