The markets have been taking on all resistance levels and the SL levels for shorts have been progressively triggered.
However, the conviction to go long on the NIFTY is absent. If you're a conservative trader, stick to stock-specific opportunities.
Aggressive traders can continue to remain short (you can hedge your shorts with ITM Calls) as per your holding capacity.
| Date | 25-Aug-20 | |
| Index | Sensex | Nifty |
| S2 | 38,720 | 11,443 |
| S1 | 38,747 | 11,451 |
| Previous Close | 38,799.08 | 11,466.45 |
| R1 | 38,895 | 11,495 |
| R2 | 39,006 | 11,528 |
| Fair Value | 28,558 | 8,440 |
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