Having broken key supports - the markets are now looking to break 48000/14100 in the near term.
Do not get carried away with any bounce/rally as they will be sold into.
Remaining short on the NIFTY and or having stock specific longs will be the best strategy for now.
Date | 19 Jan 21 |
Index | Sensex | Nifty |
S2 | 48,128 | 14,153 |
S1 | 48,404 | 14,234 |
Previous Close | 48,564.27 | 14,281.30 |
R1 | 48,697 | 14,320 |
R2 | 48,763 | 14,340 |
Fair Value | 30,525 | 8,976 |

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