Some amount of profit-booking/volatile consolidation will be good for the medium-term health of the rally – we did see some in the NIFTY yesterday.
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.
11 Aug 22 | |||
Index | Sensex | Nifty | BankNifty |
S2 | 58,652 | 17,485 | 38,155 |
S1 | 58,795 | 17,528 | 38,178 |
Previous Close | 58,817.29 | 17,534.75 | 38,287.85 |
R1 | 58,856 | 17,546 | 38,403 |
R2 | 58,984 | 17,585 | 38,594 |
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