Even though the markets corrected significantly from the day's high, the near term trend remains positive above ~29900/8785.
Continue to remain long/ keep adding to your longs at the current levels and on dips.
The near term targets for the markets are ~32400/9500. Conservative traders can keep a trailing SL at 29900/8785 .
Avoid trading in stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.
| Date | 16-Apr-20 | |
| Index | Sensex | Nifty |
| S2 | 30,222 | 8,879 |
| S1 | 30,372 | 8,923 |
| Previous Close | 30,379.81 | 8,925.30 |
| R1 | 30,438 | 8,942 |
| R2 | 30,483 | 8,956 |
| Fair Value | 34,533 | 10,145 |
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