Watch out for the level of 41809/12325 in intraday swings. While I continue with positional shorts on the NIFTY, this level is to watch for intraday shorts.
Stock specific longs continue to be the safest best.
| Index Levels | ||
| Date | 16-Jan-20 | |
| Index | Sensex | Nifty |
| S2 | 41,809 | 12,325 |
| S1 | 41,830 | 12,331 |
| Previous Close | 41,872.73 | 12,343.30 |
| R1 | 41,895 | 12,350 |
| R2 | 41,955 | 12,367 |
| Fair Value | 33,354 | 9,832 |
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