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 |
--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.
