Tuesday, October 27, 2020

The Sensex Outlook for the Day 27-10-2020

After failing to cross the resistances, the markets have broken the SL levels of 40151/11775, given in this column yesterday.
The only consolation for the bulls is the fact that the markets bounced off smartly from the intraday lows and the SL levels were not broken with a huge gap.

Going forward, yesterday's lows are now a strong zone support on the downside and on the upside, the markets have to convincingly cross 40300/11800 to rekindle the hopes for a 12000+ expiry later in the week. 

As long as yesterday's lows are not broken - remain an aggressive buyer at every 50 point move on the NIFTY.

Date 27 Oct 20
Index Sensex Nifty
S2            39,832            11,676
S1            39,948            11,710
Previous Close       40,145.50       11,767.75
R1            40,273            11,805
R2            40,326            11,821
Fair Value            28,873              8,463

--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG 

 

Subscribe via email

Enter your email address:

Delivered by FeedBurner