The markets failed to cross resistances for 3 days in a row and finally found support around 39900/11700.
Going forward, while the targets of 41000/12000 and higher on October expiry have gone for a toss,
expect the markets to consolidate around 39900/11700 for a little while before attempting to move up again.
Any opening dips can be used to initiate aggressive longs in today's expiry NIFTY calls for intraday gains.
Date | 29 Oct 20 | |
Index | Sensex | Nifty |
S2 | 39,775 | 11,686 |
S1 | 39,900 | 11,723 |
Previous Close | 39,922.46 | 11,729.60 |
R1 | 40,056 | 11,769 |
R2 | 40,120 | 11,788 |
Fair Value | 28,874 | 8,483 |
--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG