Index traders continue to tread cautiously. We are at a near-term top.
We have added NIFTY & BANKNIFTY puts of next week's expiry along with Futures short positions.
Date | 7 May 21 | |
Index | Sensex | Nifty |
S2 | 48,859 | 14,698 |
S1 | 48,912 | 14,714 |
Previous Close | 48,949.76 | 14,724.80 |
R1 | 48,979 | 14,734 |
R2 | 49,011 | 14,743 |
Fair Value | 33,283 | 10,012 |