Thursday, February 27, 2020

The Sensex Outlook for the Day 27-02-2020

The next stop for the bears will be ~39600/11600 before they march ahead towards breaking 39432/11540. 
Yesterday towards the end of the trading session it looked like we could see a small bounce, but that looks a distant probability now.
Continue to remain short on the NIFTY, with a trailing stop-loss at 40255/11786.

Index Levels 
Date27-Feb-20
IndexSensexNifty
S2           39,597           11,593
S1           39,760           11,641
Previous Close      39,888.96      11,678.50
R1           39,968           11,702
R2           40,008           11,713
Fair Value           34,035             9,965
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