The markets will continue to face strong headwinds at higher levels and will drift lower after attempting to climb higher. The near term target for the markets is 37000/10900.
Use all up-moves to short the indices with a closing SL at 38310/11280 for the initial targets of 37000/10900.
In stocks, we continue to have aggressive longs as well as stocks.
| Date | 3-Aug-20 | |
| Index | Sensex | Nifty |
| S2 | 37,221 | 10,960 |
| S1 | 37,432 | 11,022 |
| Previous Close | 37,606.89 | 11,073.45 |
| R1 | 37,645 | 11,085 |
| R2 | 37,805 | 11,132 |
| Fair Value | 29,985 | 8,829 |
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