Tuesday, February 4, 2020

The Sensex Outlook for the Day 04-02-2020

Expect more of short-covering today and tomorrow, till 40000/11800. It's not the time to short again nor to believe that this is a real rally.
Best to stick to large-cap stocks for day/positional trades.

Index Levels 
Date04-Feb-20
IndexSensexNifty
S2           39,789           11,683
S1           39,827           11,695
Previous Close      39,872.31      11,707.90
R1           39,955           11,732
R2           40,074           11,767
Fair Value           34,934           10,258
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