The markets are perched at an important support zone.Since this support wasn't broken yesterday, a small rally from the current levels cannot be ruled out.
The market remains a Sell-on-Rise market - add fresh shorts at 11410 & 11440.
The SL level for shorts is 11476/38829 on a closing basis.
We continue to have stock-specific long views.
| Date | 8-Sep-20 | |
| Index | Sensex | Nifty |
| S2 | 38,290 | 11,318 |
| S1 | 38,365 | 11,339 |
| Previous Close | 38,417.23 | 11,355.05 |
| R1 | 38,588 | 11,406 |
| R2 | 38,625 | 11,416 |
| Fair Value | 28,593 | 8,451 |
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