While the markets seemed to have regained the momentum lost on last Thursday, the path ahead towards 40900/12000 would be a volatile one.
Conservative traders can keep a closing SL at 40200/11800 for their long positions and aggressive traders can keep at 39670/11650.
The BANKNIFTY needs to sustain and build upon yesterday's breakout for the NIFTY to quickly mount 12000.
| Date | 20-Oct-20 | |
| Index | Sensex | Nifty |
| S2 | 40,313 | 11,838 |
| S1 | 40,387 | 11,860 |
| Previous Close | 40,431.60 | 11,873.05 |
| R1 | 40,519 | 11,899 |
| R2 | 40,564 | 11,912 |
| Fair Value | 28,823 | 8,464 |
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