Tuesday, November 10, 2020

The Sensex Outlook for the day : 10-11-2020

With the targets of 42289 and 12370 also done, the next targets for the markets are 43008 and 12583. 

The Sensex and the Nifty are indeed in a breakout zone and we could possibly see Newer All-Time Highs for quite some days, 
but we are trying to not go overboard and set up ourselves as the fall-guy when the tide begins to turn.

Take the markets, one level at a time and keep a tight SL
Keep a closing SL at 41990/12306 on all long positions and ride this rally till 43008/12583
We will relook at the markets and recalibrate our positions at either 42645/12475 or at 42264/12377.

Date 10 Nov 20
Index Sensex Nifty
S2            42,455            12,419
S1            42,502            12,433
Previous Close       42,597.43       12,461.05
R1            42,645            12,475
R2            42,927            12,558
Fair Value            29,141              8,525


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