Depending on your risk appetite, keep a closing SL at 30140/8863 or 30042/8834 and remain long.
The 1st /near term target for the markets would be 30441/8952
Traders, both conservative and aggressive, need to take a calibrated approach in their longs so
that they can withstand the daily volatility as well as associated MTM pressures
while remaining long on the NIFTY for the short term targets of 31925/9390.
Avoid stocks outside the F&O universe.
Index Sensex Nifty
S2 30,117 8,856
S1 30,140 8,863
Previous Close 30,196.17 8,879.10
R1 30,285 8,905
R2 30,351 8,925
Fair Value 33,266 9,782
Securities in Ban For Trade Date 20-May-20:
Only intraday positions can be taken in stocks under F&O ban.There is a penalty in case of a carryover of these positions.
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG