The markets have a near term support at 40551/11958 (the Sensex made a low of 40554 yesterday).
Its a matter of time, before this level is broken and we see further weakness.
Aggressive traders continue to remain short on the NIFTY with a trailing SL at 41041/12102 (cash levels).
Others can stick to cash or adopt a stock-specific approach.
| Index Levels | ||
| Date | 4-Dec-19 | |
| Index | Sensex | Nifty |
| S2 | 40,564 | 11,961 |
| S1 | 40,642 | 11,984 |
| Previous Close | 40,675.45 | 11,994.20 |
| R1 | 40,705 | 12,003 |
| R2 | 40,757 | 12,018 |
| Fair Value | 29,664 | 8,747 |
--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.
