Tuesday, February 11, 2020

The Sensex Outlook for the Day 11-02-2020

Use any bounce to initiate fresh shorts on the NIFTY, in line with your Risk & MTM Capacity. 
The near term trend won't change to positive unless the markets close above 41210/12100, decisively.
The short term trend clearly remains down with targets of ~39578 & ~11638 on the Sensex & the Nifty respectively.

Index Levels 
Date11-Feb-20
IndexSensexNifty
S2           40,734           11,959
S1           40,780           11,973
Previous Close      40,979.62      12,031.50
R1           40,984           12,033
R2           40,995           12,036
Fair Value           34,518           10,134
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