The markets will consolidate at the current levels before the long weekend. While I continue to remain bullish in the near/short term, avoid carrying trading positions over the weekend.
For the day, the consolidation range for the markets could be 29100-30100(8500-8800).
Investors still have to wait, patiently for maybe until early 2021 before committing long term funds in this market.
| Date | 9-Apr-20 | |
| Index | Sensex | Nifty |
| S2 | 29,393 | 8,602 |
| S1 | 29,603 | 8,664 |
| Previous Close | 29,893.96 | 8,748.75 |
| R1 | 29,952 | 8,766 |
| R2 | 30,008 | 8,782 |
| Fair Value | 34,604 | 10,127 |
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