The near term TOP is almost in place for the Sensex & Nifty - don't bother to exit NIFTY longs at the exact top. Start unwinding NIFTY longs and if you are an aggressive trader, start building short positions on the NIFTY. Stock specific buying opportunities will continue to exist - we will focus on them only, going forward.
Date | 24-Jun-20 | |
Index | Sensex | Nifty |
S2 | 35,181 | 10,397 |
S1 | 35,252 | 10,418 |
Previous Close | 35,430.43 | 10,471.00 |
R1 | 35,456 | 10,479 |
R2 | 35,784 | 10,575 |
Fair Value | 32,272 | 9,538 |
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