Having broken the lower end of the 41000-41700 (12100-12300) range, the fall will extend towards 39887/11760 before stabilizing.
Of course, there could be brief/false rally's on the way.
Remain firmly short on the markets for the above-mentioned targets with a closing SL at 41097/12117.
| Index Levels | ||
| Date | 7-Jan-20 | |
| Index | Sensex | Nifty |
| S2 | 39,796 | 11,733 |
| S1 | 39,887 | 11,760 |
| Previous Close | 40,676.63 | 11,993.05 |
| R1 | 40,716 | 12,005 |
| R2 | 40,890 | 12,056 |
| Fair Value | 33,322 | 9,825 |
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