There is no change in the near term outlook from the last 2/3 days. The run-up to a new high for the Nifty from the current levels will not be a smooth one-way path. It makes more sense to stick with stock-specific opportunities rather than wait for the Nifty to make a new life high like the Sensex.
Index Levels | ||
Date | 8-Nov-19 | |
Index | Sensex | Nifty |
S2 | 40,519 | 11,972 |
S1 | 40,561 | 11,985 |
Previous Close | 40,653.74 | 12,012.05 |
R1 | 40,680 | 12,020 |
R2 | 41,007 | 12,116 |
Fair Value | 30,378 | 8,976 |
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