Monday, September 21, 2020

The Sensex Outlook for the Week Starting 21-09-2020


Having broken the levels of 38867/11511, the markets are in for more downside in the expiry week. Hold on to your existing short positions, and also add incremental shorts at every 50 point move in the NIFTY.

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


Date 21-Sep-20
Index Sensex Nifty
S2            38,662            11,450
S1            38,798            11,491
Previous Close       38,845.82       11,504.95
R1            38,867            11,511
R2            38,891            11,518
Fair Value            28,459              8,429


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