Market Data

Sunday, October 4, 2020

The Sensex Outlook for the Week Starting 05-10-2020

Having a trading holiday on Friday saved our markets from a huge bout of negative volatility.

Even if the global cues on Monday morning are not so benign, any dip till 38400/11330 is a buying opportunity for near term targets of ~39600/11700.

Only with a close below 38000/11200, the uptrend from the recent lows would be under threat and could be a cause to unwind our long positions.

Date 5-Oct-20
Index Sensex Nifty
S2            38,513            11,363
S1            38,615            11,393
Previous Close       38,697.05       11,416.95
R1            38,739            11,429
R2            38,884            11,472
Fair Value            28,411              8,382


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