Monday, October 19, 2020

The Sensex Outlook for the Day 20-10-2020

While the markets seemed to have regained the momentum lost on last Thursday, the path ahead towards 40900/12000 would be a volatile one.
Conservative traders can keep a closing SL at 40200/11800 for their long positions and aggressive traders can keep at 39670/11650.

The BANKNIFTY needs to sustain and build upon yesterday's breakout for the NIFTY to quickly mount 12000.

Date 20-Oct-20
Index Sensex Nifty
S2            40,313            11,838
S1            40,387            11,860
Previous Close       40,431.60       11,873.05
R1            40,519            11,899
R2            40,564            11,912
Fair Value            28,823              8,464


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