Even though the indices managed to close marginally above the SL levels given yesterday (37596/11085), the initial targets on the downside - namely 36899/10880 still hold.
Hold on to your Index shorts as per your risk appetite and holding capacity.
In stocks, we continue to have aggressive longs as well as shorts.
| Date | 5-Aug-20 | |
| Index | Sensex | Nifty |
| S2 | 37,493 | 11,038 |
| S1 | 37,608 | 11,072 |
| Previous Close | 37,687.91 | 11,095.25 |
| R1 | 37,746 | 11,112 |
| R2 | 37,860 | 11,146 |
| Fair Value | 29,972 | 8,824 |
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