Thursday, November 12, 2020

The Sensex Outlook for the day : 12-11-2020

While the final targets/top of 43808/12786 are still pending, it is looking that the markets are going to pause for a breath.
Conservative traders book profits in NIFTY long positions & others remain long on the markets keeping a closing SL at 43156/12621.
As mentioned yesterday also, the last leg(s) of this rally will be volatile so trade/keep your positions accordingly.

Continue to shift to stock-specific longs from NIFTY longs.
Date 12 Nov 20
Index Sensex Nifty
S2            43,424            12,700
S1            43,488            12,718
Previous Close       43,593.67       12,749.15
R1            43,708            12,783
R2            44,061            12,886
Fair Value            29,875              8,737


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