As much as I'm bearish on the markets or as much as the rally is disconnected from the ground situation, it is now clear that the rally will pause at a new-high for the Nifty only. We should see a gap-up opening to a new-Nifty-high, after which the markets could pause for a breather.
| Index Levels | ||
| Date | 26-Nov-19 | |
| Index | Sensex | Nifty |
| S2 | 40,738 | 12,029 |
| S1 | 40,777 | 12,040 |
| Previous Close | 40,889.23 | 12,073.75 |
| R1 | 40,910 | 12,080 |
| R2 | 41,166 | 12,156 |
| Fair Value | 29,706 | 8,772 |
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