We added fresh shorts at the closing time yesterday - because sustaining the current levels is still circumspect for the markets.
With the cues that we have from SGX Nifty this morning - the latest shorts should pay-off well. I expect the markets to close the weak near 38115/11261, if not further down.
In stocks, we continue to have aggressive longs as well as shorts.
| Date | 20-Aug-20 | |
| Index | Sensex | Nifty |
| S2 | 38,551 | 11,389 |
| S1 | 38,586 | 11,400 |
| Previous Close | 38,614.79 | 11,408.40 |
| R1 | 38,651 | 11,419 |
| R2 | 38,789 | 11,460 |
| Fair Value | 29,095 | 8,596 |
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