Thursday, September 24, 2020

The Sensex Outlook for the Day 24-09-2020

While the trend for the markets remains clearly down for the target of ~36600/10800, a bounce led by Banks cannot be ruled out.
Book some profits in your NIFTY shorts and add more of BANKNIFTY longs.

The nearterm downtrend will be negated only with a close above 38290/11315. 
Date 24-Sep-20
Index Sensex Nifty
S2            37,313            11,027
S1            37,594            11,110
Previous Close       37,668.42       11,131.85
R1            37,707            11,143
R2            38,140            11,110
Fair Value            28,581              8,325



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