We continue to remain long on the markets for a near term target of ~32150/9400.
Keep a closing SL at 31400/9180 for all long positions.
Aggressive traders can carry over their long positions over the weekend subject to the closing SL as above.
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
|
08-May-20
| |
Index
|
Sensex
|
Nifty
|
S2
|
31,308
|
9,160
|
S1
|
31,391
|
9,184
|
Previous Close
|
31,443.38
|
9,199.05
|
R1
|
31,504
|
9,217
|
R2
|
31,575
|
9,237
|
Fair Value
|
33,683
|
9,854
|
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