The markets did our targets of 44800/13130 and tumbled promptly.The Sensex closed almost a 1000 points from the day high.
Our NIFTY Puts of day before yesterday paid-off handsomely in just 1 day.
Going forward, the short term target for the markets is ~45450/13330.
If you didn't add to NIFTY longs while the markets were falling yesterday, add today.
Keep a closing SL at 43454/12749 and remain long for the targets of 45000/13200 and 45450/13335
Date | 26 Nov 20 | |
Index | Sensex | Nifty |
S2 | 43,454 | 12,749 |
S1 | 43,758 | 12,838 |
Previous Close | 43,828.10 | 12,858.40 |
R1 | 43,848 | 12,864 |
R2 | 43,903 | 12,880 |
Fair Value | 29,244 | 8,580 |
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