Tuesday, January 21, 2020

The Sensex Outlook for the Day 21-01-2020

Just when my Bearish conviction was coming under intense pressure from my clients and friends alike, Mother Market came to my rescue and gave a huge Red Candle on the Daily Charts. Yesterday's fall is the first of many that will lead the markets to 39700/11700. Remain short with a view on your MTM capacity.

Index Levels 
Date21-Jan-20
IndexSensexNifty
S2           41,317           12,162
S1           41,478           12,210
Previous Close      41,528.91      12,224.55
R1           41,583           12,241
R2           41,662           12,264
Fair Value           33,597             9,890

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