With the targets of 42289 and 12370 also done, the next targets for the markets are 43008 and 12583.
The Sensex and the Nifty are indeed in a breakout zone and we could possibly see Newer All-Time Highs for quite some days,
but we are trying to not go overboard and set up ourselves as the fall-guy when the tide begins to turn.
Take the markets, one level at a time and keep a tight SL
Keep a closing SL at 41990/12306 on all long positions and ride this rally till 43008/12583.
We will relook at the markets and recalibrate our positions at either 42645/12475 or at 42264/12377.
| Date | 10 Nov 20 | |
| Index | Sensex | Nifty |
| S2 | 42,455 | 12,419 |
| S1 | 42,502 | 12,433 |
| Previous Close | 42,597.43 | 12,461.05 |
| R1 | 42,645 | 12,475 |
| R2 | 42,927 | 12,558 |
| Fair Value | 29,141 | 8,525 |
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