As indicated yesterday, we have seen the NIFTY & SENSEX unwind significantly from their recent highs.
Going forward we could see a further downtrend in the frontline indices.
One can safely create further short positions on the NIFTY keeping a closing SL at 35250/10418.
Stock specific buying opportunities will continue to exist - we will focus on them only, going forward.
| Date | 25-Jun-20 | |
| Index | Sensex | Nifty |
| S2 | 34,811 | 10,288 |
| S1 | 34,830 | 10,294 |
| Previous Close | 34,868.98 | 10,305.30 |
| R1 | 34,986 | 10,340 |
| R2 | 35,056 | 10,361 |
| Fair Value | 32,484 | 9,600 |
As indicated yesterday, we have seen the NIFTY & SENSEX unwind significantly from their recent highs.
Going forward we could see a further downtrend in the frontline indices.
One can safely create further short positions on the NIFTY keeping a closing SL at 35250/10418.
Stock specific buying opportunities will continue to exist - we will focus on them only, going forward.
| Date | 25-Jun-20 | |
| Index | Sensex | Nifty |
| S2 | 34,811 | 10,288 |
| S1 | 34,830 | 10,294 |
| Previous Close | 34,868.98 | 10,305.30 |
| R1 | 34,986 | 10,340 |
| R2 | 35,056 | 10,361 |
| Fair Value | 32,484 | 9,600 |
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