Wednesday, September 2, 2020

The Sensex Outlook for the Day - 02-09-2020

The short term trend will turn neutral from currently negative,only with a close above 39605/11678.

Between 38725/11418 and 39605/11678, the markets will consolidate with a resoundingly negative bias.

Continue to remain short on the NIFTY, while taking a stock-specific view.
Do not get fooled or carried away but any bounce/rise unless 39605/11678 is conquered comfortably. 

Date 2-Sep-20
Index Sensex Nifty
S2            38,810            11,443
S1            38,885            11,465
Previous Close       38,900.80       11,470.25
R1            38,999            11,499
R2            39,027            11,508
Fair Value            28,722              8,469



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