Friday, September 25, 2020

The Sensex Outlook for the Day 25-09-2020

The markets achieved the targets of ~36600/10800 yesterday itself.
Now while the trend remains down only - a rally from the current levels cannot be ruled out.
We exited NIFTY shorts yesterday inself and initiated fresh longs in the NIFTY & BANKNIFTY.

The near term targets for the markets are ~37250/11000 with a closing SL at 36381/10754.

Date 25-Sep-20
Index Sensex Nifty
S2            36,381            10,754
S1            36,496            10,789
Previous Close       36,553.60       10,805.55
R1            36,580            10,813
R2            36,785            10,874
Fair Value            28,747              8,498


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