Market Data

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 
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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