The bullish outlook of the last few days is getting vindicated.
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 30240/8890.
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 | 17-Apr-20 | |
| Index | Sensex | Nifty |
| S2 | 30,528 | 8,971 |
| S1 | 30,557 | 8,980 |
| Previous Close | 30,602.61 | 8,992.80 |
| R1 | 30,708 | 9,024 |
| R2 | 30,800 | 9,051 |
| Fair Value | 34,824 | 10,233 |
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