There is no change in the near term outlook from yesterday, the run-up to a new high for the Nifty and the corrective wave from thereafter will test the patience of the bulls and bears both. Best to stick to stock-specific opportunities or cash. Aggressive traders can remain short on the Nifty with a view on November expiry.
Index Levels | ||
Date | 6-Nov-19 | |
Index | Sensex | Nifty |
S2 | 40,179 | 11,897 |
S1 | 40,220 | 11,909 |
Previous Close | 40,248.23 | 11,917.20 |
R1 | 40,406 | 11,964 |
R2 | 40,460 | 11,980 |
Fair Value | 30,366 | 8,991 |
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