Monday, September 14, 2020

The Sensex Outlook for the Week Starting 14-09-2020

The levels of ~39000/11500 are a near term ceiling for the markets. 
These levels may be broken momentarily, but the markets will again revert to the 38340-39000 (11300-11500) trading range.
Expect the BANKNIFTY to outperform the NIFTY on the upside.

We continue to hold stock-specific longs with adding NIFTY Puts at every rise.

Date 14-Sep-20
Index Sensex Nifty
S2            38,667            11,409
S1            38,712            11,422
Previous Close       38,854.55       11,464.45
R1            38,979            11,501
R2            39,205            11,568
Fair Value            28,568              8,429


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