Tuesday, October 27, 2020

The Sensex Outlook for the Day 28-10-2020

The supports / SL levels for the markets remain around the same levels as yesterday, but the upsides become more pronounced / visible.

Going forward, 39970/11727 are now a strong zone support on the downside and on the upside, the markets have to convincingly cross 40626/11920 to reach ~41400/12100 on expiry.

As long as the SL levels are not broken - remain an aggressive buyer at every 50 point move on the NIFTY.
Date 28 Oct 20
Index Sensex Nifty
S2            40,451            11,869
S1            40,478            11,876
Previous Close       40,522.10       11,889.40
R1            40,556            11,899
R2            40,697            11,941
Fair Value            28,800              8,450


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