Tuesday, December 3, 2019

The Sensex Outlook for the Day 03-12-2019

The weakness/downtrend should continue further. 
Aggressive traders continue to remain short on the NIFTY with a trailing SL at 41164/12165 (cash levels). Others can stick to cash or adopt a stock-specific approach.
Index Levels 
Date3-Dec-19
IndexSensexNifty
S2           40,751           12,033
S1           40,783           12,042
Previous Close      40,802.17      12,048.20
R1           40,868           12,068
R2           40,909           12,080
Fair Value           29,723             8,777

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