Thursday, February 6, 2020

The Sensex Outlook for the Day 06-02-2020

The risk-reward ratio favours the bears. Initiate shorts on the NIFTY as per your risk appetite and MTM capacity. There are stock-specific opportunities for day as well as positional traders.

Index Levels 
Date06-Feb-20
IndexSensexNifty
S2           40,940           12,030
S1           41,025           12,055
Previous Close      41,142.66      12,089.15
R1           41,177           12,099
R2           41,231           12,115
Fair Value           35,020           10,290
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