In all probability, the market top is already behind us.
Going forward, the pace of the unwinding could slow down/ increase - but the trend is clearly down.
Date | 18 Jan 21 | |
Index | Sensex | Nifty |
S2 | 48,856 | 14,381 |
S1 | 48,932 | 14,403 |
Previous Close | 49,034.67 | 14,433.70 |
R1 | 49,162 | 14,471 |
R2 | 49,218 | 14,488 |
Fair Value | 30,231 | 8,899 |