The indices are showing signs of fatigue and loss of momentum, however, the Bulls seem to be in no mood to give up just yet.
Any move outside of the 36554-36795 / 10756-10827 band will turn the near term trend of the markets in the direction of the move.
For traders, it would be best to remain neutral/short on the NIFTY and stick to stock-specific longs.
As always, stick to stocks only from the universe of the F&O stocks.
| Date | 13-Jul-20 | |
| Index | Sensex | Nifty |
| S2 | 36,565 | 10,759 |
| S1 | 36,581 | 10,764 |
| Previous Close | 36,594.33 | 10,768.05 |
| R1 | 36,642 | 10,782 |
| R2 | 36,749 | 10,814 |
| Fair Value | 31,511 | 9,272 |
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