Tuesday, October 20, 2020

The Sensex Outlook for the Day 21-10-2020

The markets continue to be on a volatile track towards 40900/12000, which would serve as an important milestone for the ultimate targets of 42000/12300 in October expiry.
Any dips till 40300/11830 is an opportunity to add more long positions.
Conservative traders can keep a closing SL at 40330/11830 for their long positions and aggressive traders can keep at 39670/11650.

Date 21-Oct-20
Index Sensex Nifty
S2            40,459            11,872
S1            40,507            11,886
Previous Close       40,544.37       11,896.80
R1            40,732            11,952
R2            41,048            12,045
Fair Value            28,866              8,470



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