Monday, October 12, 2020

The Sensex Outlook for the Week Starting 12-10-2020

The targets for the Sensex and Nifty for the week are 41512/12209. 
Any dip till 40341/11865 is an opportunity to add to fresh longs.
Conservative traders should keep a trailing SL at 40190/11820 for all long positions.
For aggressive traders, the only level that matters is 41960/12430 before October expiry - focus on the target and not on a SL.

Date 12-Oct-20
Index Sensex Nifty
S2            40,341            11,865
S1            40,401            11,882
Previous Close       40,509.49       11,914.20
R1            40,585            11,937
R2            40,756            11,987
Fair Value            28,491              8,379


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