Continue to tread cautiously with the NIFTY & BANKNIFTY. Sustaining the current levels is dicey.
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 | 10 May 21 |
Index | Sensex | Nifty |
S2 | 49,057 | 14,778 |
S1 | 49,124 | 14,798 |
Previous Close | 49,206.47 | 14,823.15 |
R1 | 49,227 | 14,829 |
R2 | 49,418 | 14,887 |
Fair Value | 33,162 | 9,990 |
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