Thursday, October 8, 2020

The Sensex Outlook for the Day 09-10-2020

While the trend remains firmly up, a small corrective dip cannot be ruled out - book some profits before the weekend.
The markets may consolidate between 40000-40300 (11780-11860) before heading towards 40750(12000).
Keep a trailing SL at 39568 (11654) for all long positions.

Date 9-Oct-20
Index Sensex Nifty
S2            40,020            11,787
S1            40,081            11,805
Previous Close       40,182.67       11,834.60
R1            40,238            11,851
R2            40,266            11,859
Fair Value            28,451              8,379

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