The markets seem to lack momentum on the upside as well as downside.
We continue to remain a short view on the NIFTY.
Conservative traders keep a Closing SL at 38221 (11267) for all short positions. The near term targets on the downside are 37807 (11145) and 37498 (11054).
In stocks, we continue to have aggressive longs as well as shorts.
| Date | 11-Aug-20 | |
| Index | Sensex | Nifty |
| S2 | 38,083 | 11,241 |
| S1 | 38,135 | 11,256 |
| Previous Close | 38,182.08 | 11,270.15 |
| R1 | 38,229 | 11,284 |
| R2 | 38,252 | 11,291 |
| Fair Value | 29,914 | 8,830 |
--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG
Sent from Mail for Windows 10
