The markets continue to move higher, especially the BANKNIFTY. I continue to stick my neck out and keep a neutral view on the BANKNIFTY and a SHORT view on the NIFTY.
Some amount of profit-booking/volatile consolidation will be good for the medium-term health of the rally.
Whether you are an aggressive or a conservative trader, you’re better-off with a stock-specific trading approach in the markets.
Our trading positions continue to be a mix of Hedged NIFTY Shorts and Stock Specific Longs.
| 10 Aug 22 | ||
Index | Sensex | Nifty | BankNifty |
S2 | 58,685 | 17,475 | 37,985 |
S1 | 58,766 | 17,499 | 38,074 |
Previous Close | 58,853.07 | 17,525.10 | 38,237.40 |
R1 | 58,935 | 17,549 | 38,302 |
R2 | 59,226 | 17,636 | 38,886 |
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