Sunday, October 25, 2020

The Sensex Outlook for the Week Starting 26-10-2020

Inspite of a hugely volatile week, the markets managed to gain 703/168 points respectively on the Sensex and the Nifty.
The levels of 40151/11775 are a formidable support zone for the markets for the coming week and the coming month as well.
Whether you're an aggressive trader with a view on 42000/12300 or a conservative trader with a view on 40900/12000 - your SL now stands at 40151/11775.

Going into the expiry week, the NIFTY future needs to cross 11941/11977 for a huge blast into 12000+ territory.

Remain an aggressive buyer at every 15-25 point move on the NIFTY for targets of 12000+ for October expiry.

Date 26-Oct-20
Index Sensex Nifty
S2            40,591            11,903
S1            40,650            11,920
Previous Close       40,685.50       11,930.35
R1            40,701            11,935
R2            40,811            11,967
Fair Value            28,854              8,461



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