Tuesday, February 18, 2020

The Sensex Outlook for the Day 18-02-2020

There is no change in the near term outlook for the markets which continues to be negative. Remain short on the NIFTY/BANKNIFTY and maintain stock-specific longs. The current downtrend could pause at 40750/11950 from where a small bounce is possible.

As I have always advised, please keep short positions on the NIFTY as per your risk appetite and MTM capacity.

Index Levels 
Date18-Feb-20
IndexSensexNifty
S2           40,920           12,006
S1           41,031           12,038
Previous Close      41,055.69      12,045.80
R1           41,123           12,066
R2           41,184           12,083
Fair Value           34,338           10,075

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