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 |
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