While there is no change in the short term outlook from yesterday, expecting a small bounce later in the day. Traders can well play the markets both ways today.
My bearish outlook will remain in place as long as the markets trade below 41700/12275 and will be negated with a sustained close above 41985/12357.
Index Levels | ||
Date | 28-Jan-20 | |
Index | Sensex | Nifty |
S2 | 41,059 | 12,091 |
S1 | 41,133 | 12,112 |
Previous Close | 41,155.12 | 12,119.00 |
R1 | 41,166 | 12,122 |
R2 | 41,265 | 12,151 |
Fair Value | 34,038 | 10,023 |
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