Tuesday, September 22, 2020

The Sensex Outlook for the Day 22-09-2020

Our bearish view on the markets continues to get vindicated. Continue to remain short on the markets for the Short Term Targets of ~36600/10800. These targets will be delayed only if the markets manage to close and stay above 39000/115000 for at least 3 trading days. Till such time, remain short on the NIFTY and add to your shorts on every rise.

We continue hold stock-specific long postions and also added more long positions in the BANKNIFTY.

Date22-Sep-20
IndexSensexNifty
S2 36,628 10,835
S1 37,939 11,222
Previous Close 38,034.14 11,250.55
R1 38,223 11,306
R2 38,305 11,331
Fair Value 28,545 8,444 


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