While the underlying trend for the rest of the month remains largely positive, the indices will pause for a breath.
Book profits/cut down on Index longs and wait for a meaningful dip to reenter the Index.
There are pockets of strength in individual stocks where we continue to hold long positions.
| Date | 4-Jun-20 | |
| Index | Sensex | Nifty |
| S2 | 33,878 | 9,993 |
| S1 | 34,015 | 10,034 |
| Previous Close | 34,109.54 | 10,061.55 |
| R1 | 34,209 | 10,091 |
| R2 | 34,258 | 10,105 |
| Fair Value | 32,738 | 9,657 |
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