The next stop for the bears will be ~39600/11600 before they march ahead towards breaking 39432/11540.
Yesterday towards the end of the trading session it looked like we could see a small bounce, but that looks a distant probability now.
Continue to remain short on the NIFTY, with a trailing stop-loss at 40255/11786.
| Index Levels | ||
| Date | 27-Feb-20 | |
| Index | Sensex | Nifty |
| S2 | 39,597 | 11,593 |
| S1 | 39,760 | 11,641 |
| Previous Close | 39,888.96 | 11,678.50 |
| R1 | 39,968 | 11,702 |
| R2 | 40,008 | 11,713 |
| Fair Value | 34,035 | 9,965 |
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