So the markets have made new highs and also sustained their levels yesterday. Above 41000 & 12000, the markets are in a breakout zone and it's difficult to say where will they take a pause or stop.
For now, we are in a wait-n-watch zone as to how the rally plays out from these levels. Do not rush to cover your shorts right away - just hold them for the day or 2.
| Index Levels | ||
| Date | 18-Dec-19 | |
| Index | Sensex | Nifty |
| S2 | 41,214 | 12,124 |
| S1 | 41,253 | 12,136 |
| Previous Close | 41,352.17 | 12,165.00 |
| R1 | 41,377 | 12,172 |
| R2 | 41,653 | 12,253 |
| Fair Value | 29,829 | 8,775 |
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