There is no change in the near term outlook for the markets. Use any rise/bounce to short afresh.
We are on track for the targets of 40985/12074 followed by 39036/11514 in the New Year.
Remain short on the markets with a closing SL at 41396/12210.
| Index Levels | ||
| Date | 2-Jan-20 | |
| Index | Sensex | Nifty |
| S2 | 41,289 | 12,177 |
| S1 | 41,296 | 12,180 |
| Previous Close | 41,306.02 | 12,182.50 |
| R1 | 41,334 | 12,191 |
| R2 | 41,347 | 12,195 |
| Fair Value | 33,157 | 9,779 |
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