For the last 2 days, the markets have been consolidating just below 40900/12000 with a slightly negative bias/undertone.
However, the trend remains firmly UPWARDS as long as the markets are trading above 40300/11840
Any dip till these levels is an opportunity to add to fresh longs.
Conservative traders should keep a trailing SL at a close below these for all long positions.
| Date | 14-Oct-20 | |
| Index | Sensex | Nifty |
| S2 | 40,478 | 11,891 |
| S1 | 40,576 | 11,920 |
| Previous Close | 40,625.51 | 11,934.50 |
| R1 | 40,759 | 11,974 |
| R2 | 40,787 | 11,982 |
| Fair Value | 28,672 | 8,423 |
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