The trading range for the markets has narrowed considerably.Dont buy into any dips/weakness now.
Going forward, the next targets/probable tops for the markets are 49929/14693.
Closer to these levels, one can unwind all long INDEX positions and move into cash/stock-specific longs.
Date | 15 Jan 21 |
Index | Sensex | Nifty |
S2 | 49,531 | 14,580 |
S1 | 49,554 | 14,587 |
Previous Close | 49,584.16 | 14,595.60 |
R1 | 49,664 | 14,619 |
R2 | 49,676 | 14,623 |
Fair Value | 30,117 | 8,865 |