Thursday, January 2, 2020

The Sensex Outlook for the Day 02-01-2020


There is no change in the near term outlook for the markets. Use any rise/bounce to short afresh.
We are on track for the targets of 40985/12074 followed by 39036/11514 in the New Year.
Remain short on the markets with a closing SL at 41396/12210.
Index Levels 
Date 2-Jan-20
Index Sensex Nifty
S2            41,289            12,177
S1            41,296            12,180
Previous Close       41,306.02       12,182.50
R1            41,334            12,191
R2            41,347            12,195
Fair Value            33,157              9,779

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