Having broken the levels of 38867/11511, the markets are in for more downside in the expiry week. Hold on to your existing short positions, and also add incremental shorts at every 50 point move in the NIFTY.
We continue hold stock-specific long postions and also long positions in the BANKNIFTY.
| Date | 21-Sep-20 | |
| Index | Sensex | Nifty |
| S2 | 38,662 | 11,450 |
| S1 | 38,798 | 11,491 |
| Previous Close | 38,845.82 | 11,504.95 |
| R1 | 38,867 | 11,511 |
| R2 | 38,891 | 11,518 |
| Fair Value | 28,459 | 8,429 |
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