Tuesday, January 28, 2020

The Sensex Outlook for the Day 28-01-2020

While there is no change in the short term outlook from yesterday, expecting a small bounce later in the day. Traders can well play the markets both ways today.

My bearish outlook will remain in place as long as the markets trade below 41700/12275 and will be negated with a sustained close above 41985/12357.

Index Levels 
Date28-Jan-20
IndexSensexNifty
S2           41,059           12,091
S1           41,133           12,112
Previous Close      41,155.12      12,119.00
R1           41,166           12,122
R2           41,265           12,151
Fair Value           34,038           10,023
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