The markets closed marginally lower than the closing SL levels of 33328/9839.
However, all is not lost for the markets given the way they bounced from the day's lows.
We continue to remain long on the NIFTY /BANKNIFTY and select stocks which will be relatively stable/outperform in the near term as well as short term.
As I have mentioned in the past also, even if you trade only in the cash segment and not in Futures & Options, do not trade outside the universe of the F&O permitted stocks.
| Date | 16-Jun-20 | |
| Index | Sensex | Nifty |
| S2 | 32,917 | 9,722 |
| S1 | 32,924 | 9,724 |
| Previous Close | 33,228.80 | 9,813.70 |
| R1 | 33,274 | 9,827 |
| R2 | 33,297 | 9,834 |
| Fair Value | 32,659 | 9,645 |
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