We are in a bear market rally. It's difficult to say where such a rally starts (~25600/7500 this time) and where will it end (~36600/10700 possibly or even higher).
The best thing to do now is to Make Hay While the Sun is Shining.
Remain Long, add to your longs with a closing stop-loss at 28850/8435.
The near term trend is firmly bullish and the long term trend continues to remain down.
Investors still have to wait, patiently for maybe until early 2021 before committing long term funds in this market.
| Date | 8-Apr-20 | |
| Index | Sensex | Nifty |
| S2 | 29,434 | 8,607 |
| S1 | 29,609 | 8,658 |
| Previous Close | 30,067.21 | 8,792.20 |
| R1 | 30,216 | 8,836 |
| R2 | 30,481 | 8,913 |
| Fair Value | 34,050 | 9,957 |
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