Wednesday, February 5, 2020

The Sensex Outlook for the Day 05-02-2020

After yesterday's rise, we are back in the sell the NIFTY mode for the markets. By the end of the day today, the markets will be out of the budget mode.
The despondency (of Saturday) and the corresponding euphoria (of yesterday) are all behind us now.

Remain short on the index with stock-specific longs.

Index Levels 
Date05-Feb-20
IndexSensexNifty
S2           40,580           11,918
S1           40,774           11,975
Previous Close      40,789.38      11,979.65
R1           40,819           11,988
R2           40,835           11,993
Fair Value           34,775           10,213
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