Friday, October 23, 2020

The Sensex Outlook for the Day 23-10-2020

There is no change in the outlook for today or October Expiry. We continue to remain in a buy on dips markets.
The path towards 40900/12000 & 42000/12300 in October expiry will continue to be volatile.
Any dips till 40441/11862 is an opportunity to add more long positions.
Conservative traders can keep a closing SL at 40441/11862 for their long positions and aggressive traders can keep at 40150/11775.

Date 23-Oct-20
Index Sensex Nifty
S2            40,448            11,864
S1            40,515            11,884
Previous Close       40,558.49       11,896.45
R1            40,603            11,910
R2            40,722            11,944
Fair Value            28,948              8,491


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