Friday, September 4, 2020

The Sensex Outlook for the Day - 04-09-2020

The cues from the US markets last night and from SGX Nifty should not be scary for those who are following this Outlook.
Book some profits in your NIFTY shorts for the weekend.
The view for this expiry will continue to be resounding bearish, even after today's *Expected Black Friday*.

We continue to have stock-specific long views.

Date4-Sep-20
IndexSensexNifty
S2 38,741 11,453
S1 38,934 11,511
Previous Close 38,990.94 11,527.45
R1 39,015 11,534
R2 39,057 11,547
Fair Value 28,620 8,461 


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