Thursday, October 22, 2020

The Sensex Outlook for the Day 22-10-2020

The markets touched the upper and lower levels given in this column yesterday.
The path towards 40900/12000 & 42000/12300 in October expiry will continue to be volatile.
Any dips till 40410/11850 is an opportunity to add more long positions.
Conservative traders can keep a closing SL at 40410/11850 for their long positions and aggressive traders can keep at 40150/11775.

Date 22-Oct-20
Index Sensex Nifty
S2            40,563            11,895
S1            40,653            11,922
Previous Close       40,707.31       11,937.65
R1            40,743            11,948
R2            40,976            12,016
Fair Value            28,964              8,494


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