The levels of 50019/14926 are strong resistances, post which we can see a faster move towards 50931/15198, in the near term.
Aggressive traders can STILL continue to hold/add naked longs on the NIFTY.
Conservative traders can look at stock-specific opportunities or take long trades on the NIFTY with a tight SL and small targets.
Date | 8 Apr 21 |
Index | Sensex | Nifty |
S2 | 49,513 | 14,775 |
S1 | 49,552 | 14,786 |
Previous Close | 49,661.76 | 14,819.05 |
R1 | 49,837 | 14,871 |
R2 | 49,900 | 14,890 |
Fair Value | 30,800 | 9,191 |
--