Monday, October 5, 2020

The Sensex Outlook for the Day 06-10-2020

The markets corrected themselves from the high's of the Day, without disturbing the overall bullish setup.
Continue to remain aggressively long on the markets for the near term targets of ~39600/11700.
Only with a close below 38342/11320, the uptrend from the recent lows would be under threat and would be a cause to unwind our long positions.
Date 06-Oct-20
Index Sensex Nifty
S2 38,820 11,458
S1 38,882 11,476
Previous Close 38,973.70 11,503.35
R1 39,019 11,517
R2 39,042 11,523
Fair Value 28,566 8,431


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