Wednesday, October 14, 2020

The Sensex Outlook for the Day 14-10-2020

For the last 2 days, the markets have been consolidating just below 40900/12000 with a slightly negative bias/undertone.
However, the trend remains firmly UPWARDS as long as the markets are trading above 40300/11840 
Any dip till these levels is an opportunity to add to fresh longs.
Conservative traders should keep a trailing SL at a close below these for all long positions.

Date 14-Oct-20
Index Sensex Nifty
S2 40,478 11,891
S1 40,576 11,920
Previous Close 40,625.51 11,934.50
R1 40,759 11,974
R2 40,787 11,982
Fair Value 28,672 8,423


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