There is no change in the near-term outlook for the markets. Increase the trailing SL from 49089/14516 to 49177/14555 and remain long/add fresh longs for the initial targets of 50352/14890.
Conservative traders can look at stock-specific opportunities or take long trades on the NIFTY with a tight SL and small targets.
Date | 24 Mar 21 |
Index | Sensex | Nifty |
S2 | 49,963 | 14,789 |
S1 | 49,993 | 14,797 |
Previous Close | 50,051.44 | 14,814.75 |
R1 | 50,071 | 14,821 |
R2 | 50,170 | 14,850 |
Fair Value | 30,290 | 8,966 |