With the key SL levels (16800/36800) broken and the Geopolitical storm not showing any signs of abating, its best for Conservative traders to stay away from the markets for now.
The recovery, whenever it starts will be a mix of U & V shapes – so investors and aggressive traders can remain alert to start building positions at the 1st signs of stability – probably near 16000/34500 odd levels or even earlier.
25 Feb 22 | ||
Index | Sensex | Nifty |
S2 | 53,943 | 16,066 |
S1 | 54,383 | 16,203 |
Previous Close | 54,529.91 | 16,247.95 |
R1 | 54,970 | 16,385 |
R2 | 55,190 | 16,454 |
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Invest in the UTI S&P BSE Low Volatility Index Fund and aim to benefit from investing in low-volatility stocks (top 30 companies with lowest volatility in the last one year (252 trading days) out of the universe of ~190 companies from S&P BSE Largecap Index.)
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