Continue to focus on stock-specific long opportunities. As much as the indices want to break-out into a "new-high" zone, there is amply supply at higher levels to ensure that we are not going to see a new-high anytime soon, definitely not in 2019.
Those who are patiently holding their NIFTY short positions will be amply rewarded closer to the November expiry.
| Index Levels | ||
| Date | 20-Nov-19 | |
| Index | Sensex | Nifty |
| S2 | 40,408 | 11,922 |
| S1 | 40,435 | 11,930 |
| Previous Close | 40,469.70 | 11,940.10 |
| R1 | 40,579 | 11,972 |
| R2 | 40,650 | 11,993 |
| Fair Value | 29,970 | 8,842 |
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