The near to short term trend remains clearly upwards. Remain long, add to your longs. Conservative traders can keep a closing SL at 30738/8988.
However, do not forget that we are in a bear market rally. Bear market rallies can be very sharp-strong and can make a trader forget that he is in a bear market before catching him off-guard. 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 | 13-Apr-20 | |
| Index | Sensex | Nifty |
| S2 | 30,870 | 9,027 |
| S1 | 30,935 | 9,046 |
| Previous Close | 31,159.62 | 9,111.90 |
| R1 | 31,228 | 9,132 |
| R2 | 31,518 | 9,217 |
| Fair Value | 34,721 | 10,153 |
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