The Sensex has made Newer Highs, while the Nifty is yet to. Let the Nifty also satisfy her ego and desire for one-upmanship over the Sensex by making a New High(s). However we will not see a Newer High every day, sooner or later, the markets will commence with the downward spiral.
The Risk-Reward ratio favors shorting the markets. The indices remain a sell on every rise/ each level. Stick to staying in cash or pursue stock-specific opportunities.
Index Levels | ||
Date | 5-Nov-19 | |
Index | Sensex | Nifty |
S2 | 40,162 | 11,900 |
S1 | 40,244 | 11,924 |
Previous Close | 40,301.96 | 11,941.30 |
R1 | 40,324 | 11,948 |
R2 | 40,380 | 11,965 |
Fair Value | 30,394 | 9,006 |
--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks. com/disclaimer.JPG