Market Data

Thursday, January 9, 2020

The Sensex Outlook for the Day 09-01-2020

All bounce backs/gap up's can be used to initiate aggressive fresh shorts on the NIFTY. The near term bearish outlook will be negated only with a comfortable close above 41158/12126. Keep these levels as SL levels for all short positions. The near to short term targets are~39700/11700.

Index Levels 
Date9-Jan-20
IndexSensexNifty
S2           40,720           11,997
S1           40,784           12,015
Previous Close      40,817.74      12,025.35
R1           40,835           12,030
R2           40,957           12,066
Fair Value           33,179             9,775
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