The markets opened above 36283 and then closed within the 35519-36283/10456-10681 band which was given in this column since the last 2 days.
The trading band for the markets has now shifted to the 35646-36346/10499-10705 band, with a downward bias. As of now, we have zero positions on the NIFTY and suggest to stick to stock-specific longs.
As always, stick to trades in stocks from the F&O Universe always.
| Date | 16-Jul-20 | |
| Index | Sensex | Nifty |
| S2 | 35,877 | 10,567 |
| S1 | 35,895 | 10,572 |
| Previous Close | 36,051.81 | 10,618.20 |
| R1 | 36,102 | 10,633 |
| R2 | 36,252 | 10,677 |
| Fair Value | 31,304 | 9,220 |
--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.
