The targets for the Sensex and Nifty for the week are 41512/12209.
Any dip till 40341/11865 is an opportunity to add to fresh longs.
Conservative traders should keep a trailing SL at 40190/11820 for all long positions.
For aggressive traders, the only level that matters is 41960/12430 before October expiry - focus on the target and not on a SL.
Date | 12-Oct-20 | |
Index | Sensex | Nifty |
S2 | 40,341 | 11,865 |
S1 | 40,401 | 11,882 |
Previous Close | 40,509.49 | 11,914.20 |
R1 | 40,585 | 11,937 |
R2 | 40,756 | 11,987 |
Fair Value | 28,491 | 8,379 |
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