Sunday, January 19, 2020

The Sensex Outlook for the Week Starting 20-01-2020

The markets are evenly poised between the bulls and the bears. However, with the scales evenly placed, the market direction could change in a flicker; hence Index traders need to be very cautious.
The trading range for the week could  be 42347/12471 on the upside and 41589/12247 on the downside.
Stock specific longs along with index puts could be the strategy going forward into the run-up to the F&O expiry & the Union Budget.  

Index Levels 
Date20-Jan-20
IndexSensexNifty
S2           41,913           12,343
S1           41,926           12,347
Previous Close      41,945.37      12,352.35
R1           41,957           12,356
R2           42,031           12,378
Fair Value           33,504             9,866
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