Sunday, May 24, 2020

The Sensex Outlook for the Day - 20-05-2020

Depending on your risk appetite, keep a closing SL at 30140/8863 or 30042/8834 and remain long. 
The 1st /near term target for the markets would be 30441/8952
Traders, both conservative and aggressive, need to take a calibrated approach in their longs so 
that they can withstand the daily volatility as well as associated MTM pressures 
while remaining long on the NIFTY for the short term targets of 31925/9390.

Avoid stocks outside the F&O universe.


Date 20-May-20
Index Sensex Nifty
S2            30,117              8,856
S1            30,140              8,863
Previous Close       30,196.17         8,879.10
R1            30,285              8,905
R2            30,351              8,925
Fair Value            33,266              9,782


Securities in Ban For Trade Date 20-May-20:
1.IDEA
Only intraday positions can be taken in stocks under F&O ban.There is a penalty in case of a carryover of these positions.

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