The markets are very close to the near term targets of 33800/10000, expect some consolidation/profit-booking before the markets move towards/cross the targets.
Remain long/add to your longs at every dip with a closing SL of 32870/9700.
The stocks leading the next leg of the rally will keep on changing/rotating, so if you are not sure of which stock/sector to stay invested in - it will be better to stick to NIFTY futures.
Conservative traders can keep a closing SL at the support levels given below for intraday long positions.
Keep your stop loss at the individual stock as well as the market levels.
As I have been repeatedly saying - Avoid stocks outside the F&O universe.
| Date | 02-Jun-20 | |
| Index | Sensex | Nifty |
| S2 | 33,010 | 9,740 |
| S1 | 33,285 | 9,821 |
| Previous Close | 33,303.52 | 9,826.15 |
| R1 | 33,550 | 9,899 |
| R2 | 33,581 | 9,908 |
| Fair Value | 32,809 | 9,680 |
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