Tuesday, September 15, 2020

The Sensex Outlook for the Day 15-09-2020


The markets couldn't sustain the day highs yesterday and reverted to the 38340-39000 (11300-11500) trading range.
There isn't much change in the market outlook from yesterday - expect the markets to consolidate in the above range with a negative bias.

The BANKNIFTY should outperform the NIFTY on the upside.

We continue to hold stock-specific longs with adding NIFTY Puts at every rise.
Date15-Sep-20
IndexSensexNifty
S2 38,676 11,416
S1 38,724 11,431
Previous Close 38,756.63 11,440.05
R1 38,789 11,450
R2 38,853 11,469
Fair Value 28,518 8,418 

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