Looks like the day when our short positions of the last 3 trading sessions should begin to pay off.
We are holding NIFTY & BANKNIFTY puts of this week's expiry along with Futures short positions.
Aggressive traders can initiate index shorts and conservative traders can stick to stock-specific positions.
Date | 11 May 21 |
Index | Sensex | Nifty |
S2 | 49,412 | 14,915 |
S1 | 49,495 | 14,940 |
Previous Close | 49,502.41 | 14,942.35 |
R1 | 49,515 | 14,946 |
R2 | 49,617 | 14,977 |
Fair Value | 33,289 | 10,048 |
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