The markets have made a big and decisive move outside the 37769-38245 / 11083-11223 band.
I expect the buoyancy of yesterday to remain further for a day or 2 before the markets start sinking downwards.
It will be prudent to add to our Index shorts at every rise.
In stocks, we have an almost equal number of longs as well as shorts - which we will carry over into the August series.
| Date | 29-Jul-20 | |
| Index | Sensex | Nifty |
| S2 | 38,276 | 11,237 |
| S1 | 38,355 | 11,260 |
| Previous Close | 38,492.95 | 11,300.55 |
| R1 | 38,555 | 11,319 |
| R2 | 38,793 | 11,389 |
| Fair Value | 31,310 | 9,192 |
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