Tuesday, October 13, 2020

The Sensex Outlook for the Day 13-10-2020


There is no change in the near term outlook for the markets.
The targets for the Sensex and Nifty for the week are 41512/12209. 
Any dip till 40429/11882 is an opportunity to add to fresh longs.
Conservative traders should keep a trailing SL at 40190/11820 for all long positions.

Date 13-Oct-20
Index Sensex Nifty
S2            40,429            11,882
S1            40,566            11,923
Previous Close       40,593.80       11,930.95
R1            40,629            11,941
R2            40,646            11,946
Fair Value            28,716              8,440


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