Tuesday, November 24, 2020

The Sensex Outlook for the Day 25-11-2020

The next targets for the markets are 44800/13130. However, having said that, it's also the time to be abundantly cautious.
The markets are becoming too predictable, too easy and making traders too complacent.
Too much of this ease may not last for long.

Do not add fresh NIFTY longs at these levels - hold on to your existing longs with a closing SL at 44300/12990.
Fresh longs can be considered on a stock level.

Date 25 Nov 20
Index Sensex Nifty
S2            44,424            13,026
S1            44,457            13,036
Previous Close       44,523.02       13,055.15
R1            44,602            13,078
R2            44,815            13,142
Fair Value            29,314              8,596


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