Having a trading holiday on Friday saved our markets from a huge bout of negative volatility.
Even if the global cues on Monday morning are not so benign, any dip till 38400/11330 is a buying opportunity for near term targets of ~39600/11700.
Only with a close below 38000/11200, the uptrend from the recent lows would be under threat and could be a cause to unwind our long positions.
| Date | 5-Oct-20 | |
| Index | Sensex | Nifty |
| S2 | 38,513 | 11,363 |
| S1 | 38,615 | 11,393 |
| Previous Close | 38,697.05 | 11,416.95 |
| R1 | 38,739 | 11,429 |
| R2 | 38,884 | 11,472 |
| Fair Value | 28,411 | 8,382 |
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