Thursday, October 15, 2020

The Sensex Outlook for the Day 15-10-2020

The markets corrected sufficiently on an intraday basis and then roared back to bullish territory - all in a day's work.
After consolidating for 2 days, the markets have broken out again, on the upside.  

Going forward - the targets for the markets are 41960/12310.
Aggressive traders keep a SL at 39500/11600 for all long positions & for conservative traders - 40376/11850.

Date 15-Oct-20
Index Sensex Nifty
S2            40,671            11,935
S1            40,738            11,954
Previous Close       40,794.74       11,971.05
R1            40,858            11,989
R2            40,905            12,004
Fair Value            28,543              8,376

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