Tuesday, November 3, 2020

The Sensex Outlook for the Day 02-11-2020

In the near term, as long as the markets are trading above 39652/11640, the trend remains positive with a volatile bias (volatility is here to stay - both ways).

Keep a closing SL below 39452/11580 and add longs for targets of 40500/11900

Even aggressive traders need to keep the above SL for the day. The levels of 39990/11737 will give the bulls tough resistance.

Date 3 Nov 20
Index Sensex Nifty
S2            39,687            11,648
S1            39,710            11,655
Previous Close       39,757.58       11,669.15
R1            39,913            11,715
R2            39,989            11,737
Fair Value            29,980              8,799

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