Moving higher or even sustaining these levels will require immense gumption from the bulls. Reaching a New High is one thing and staying there, another. It will be easier for the markets to drift lower from the current levels than to attempt to move up further. The indices remain a sell on every rise/ each level. Stick to staying in cash or pursue stock-specific opportunities.
| Index Levels | ||
| Date | 4-Nov-19 | |
| Index | Sensex | Nifty |
| S2 | 40,044 | 11,855 |
| S1 | 40,127 | 11,879 |
| Previous Close | 40,165.03 | 11,890.60 |
| R1 | 40,193 | 11,899 |
| R2 | 40,285 | 11,926 |
| Fair Value | 30,600 | 9,059 |
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