Friday, February 7, 2020

The Sensex Outlook for the Day 07-02-2020

There is no change in the near term outlook from yesterday. Remain short on the NIFTY as per your risk appetite and MTM capacity. Aggressive traders can carry over their short positions over the weekend - rest wait till Monday.
There are stock-specific opportunities for day as well as positional traders.

Index Levels 
Date07-Feb-20
IndexSensexNifty
S2           41,259           12,124
S1           41,275           12,129
Previous Close      41,306.03      12,137.95
R1           41,356           12,153
R2           41,453           12,181
Fair Value           35,031           10,294
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