Thursday, September 3, 2020

The Sensex Outlook for the Day - 03-09-2020


There is no change in the market outlook from yesterday.
The short term trend will turn neutral from currently negative, only with a close above 39605/11678.
Between 38558/11379 and 39460/11645, 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. 
Date3-Sep-20
IndexSensexNifty
S2 38,988 11,506
S1 39,024 11,517
Previous Close 39,086.03 11,535.00
R1 39,142 11,551
R2 39,460 11,645
Fair Value 28,678 8,463 



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