Yesterday was a trend - changer day in the markets and now the markets are very close to the targets of 40500/11900 given in this column only recently.
Going forward, the SL levels are modified to 39878/11700, and the targets updated to 41240/12100.
We will continue to see bouts of volatility in the run-up to the targets of 40500-41240/11900-12100. We added NIFTY Puts yesterday and now we have more stock-specific longs as against NIFTY longs.
| Date | 4 Nov 20 | |
| Index | Sensex | Nifty |
| S2 | 40,192 | 11,793 |
| S1 | 40,260 | 11,813 |
| Previous Close | 40,261.13 | 11,813.50 |
| R1 | 40,355 | 11,841 |
| R2 | 40,664 | 11,932 |
| Fair Value | 29,962 | 8,792 |
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