The new high is behind us. Expect the markets to consolidate around 40000/11800 as the best scenario or correct towards ~37000/11000 levels from here onwards. We stick with our strategy of Stock Longs & Nifty Shorts.
| Index Levels | ||
| Date | 1-Nov-19 | |
| Index | Sensex | Nifty |
| S2 | 39,972 | 11,831 |
| S1 | 40,030 | 11,848 |
| Previous Close | 40,129.05 | 11,877.45 |
| R1 | 40,192 | 11,896 |
| R2 | 40,300 | 11,928 |
| Fair Value | 30,695 | 9,085 |
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