The bulls seem to be finally losing the tempo. With selling pressure on higher levels as well as short-covering at lower levels, the trading band will get tighter with heightened volatility. Continue with the intraday shorts and STBT shorts on the Nifty.Have a negative view on the Nifty for the November expiry.
Index Levels | ||
Date | 13-Nov-19 | |
Index | Sensex | Nifty |
S2 | 40,299 | 11,900 |
S1 | 40,305 | 11,901 |
Previous Close | 40,345.08 | 11,913.45 |
R1 | 40,408 | 11,932 |
R2 | 40,441 | 11,942 |
Fair Value | 31,637 | 9,342 |
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