The trend remains clearly down as long as the markets are trading below 41410/12200. Remain short on the markets with a closing SL at 41410/12200. Only with a sustained close above these levels, the bulls will be able to recover some lost ground.
| Index Levels | ||
| Date | 22-Jan-20 | |
| Index | Sensex | Nifty |
| S2 | 41,049 | 12,089 |
| S1 | 41,294 | 12,161 |
| Previous Close | 41,323.81 | 12,169.85 |
| R1 | 41,344 | 12,176 |
| R2 | 41,384 | 12,187 |
| Fair Value | 33,905 | 9,985 |
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