Wednesday, November 20, 2019

The Sensex Outlook for the Day 20-11-2019

Continue to focus on stock-specific long opportunities. As much as the indices want to break-out into a "new-high" zone, there is amply supply at higher levels to ensure that we are not going to see a new-high anytime soon, definitely not in 2019.

Those who are patiently holding their NIFTY short positions will be amply rewarded closer to the November expiry. 
Index Levels 
Date20-Nov-19
IndexSensexNifty
S2           40,408           11,922
S1           40,435           11,930
Previous Close      40,469.70      11,940.10
R1           40,579           11,972
R2           40,650           11,993
Fair Value           29,970             8,842

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