Sunday, October 18, 2020

The Sensex Outlook for the Week Starting 19-10-2020


While Friday's market action was positive and encouraging, the resumption of the uptrend will be clearly visible only with a close above 40110/11800.
Any dip till 39668/11670 is an opportunity to add to your longs & keep a closing SL at these levels only.


Date 19-Oct-20
Index Sensex Nifty
S2            39,913            11,742
S1            39,936            11,749
Previous Close       39,982.98       11,762.45
R1            40,084            11,792
R2            40,169            11,817
Fair Value            28,707              8,445


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