Tuesday, September 8, 2020

The Sensex Outlook for the Day - 08-09-2020



The markets are perched at an important support zone.Since this support wasn't broken yesterday, a small rally from the current levels cannot be ruled out.
The market remains a Sell-on-Rise market - add fresh shorts at 11410 & 11440.

The SL level for shorts is 11476/38829 on a closing basis.

We continue to have stock-specific long views.

Date 8-Sep-20
Index Sensex Nifty
S2            38,290            11,318
S1            38,365            11,339
Previous Close       38,417.23       11,355.05
R1            38,588            11,406
R2            38,625            11,416
Fair Value            28,593              8,451


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