The supports / SL levels for the markets remain around the same levels as yesterday, but the upsides become more pronounced / visible.
Going forward, 39970/11727 are now a strong zone support on the downside and on the upside, the markets have to convincingly cross 40626/11920 to reach ~41400/12100 on expiry.
As long as the SL levels are not broken - remain an aggressive buyer at every 50 point move on the NIFTY.
| Date | 28 Oct 20 | |
| Index | Sensex | Nifty |
| S2 | 40,451 | 11,869 |
| S1 | 40,478 | 11,876 |
| Previous Close | 40,522.10 | 11,889.40 |
| R1 | 40,556 | 11,899 |
| R2 | 40,697 | 11,941 |
| Fair Value | 28,800 | 8,450 |
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