Thursday, November 26, 2020

The Sensex Outlook for the Day 26-11-2020

The markets did our targets of  44800/13130 and tumbled promptly.The Sensex closed almost a 1000 points from the day high.
Our NIFTY Puts of day before yesterday paid-off handsomely in just 1 day.
Going forward, the short term target for the markets is ~45450/13330.
If you didn't add to NIFTY longs while the markets were falling yesterday, add today.

Keep a closing SL at 43454/12749 and remain long for the targets of 45000/13200 and 45450/13335
 
Date 26 Nov 20
Index Sensex Nifty
S2            43,454            12,749
S1            43,758            12,838
Previous Close       43,828.10       12,858.40
R1            43,848            12,864
R2            43,903            12,880
Fair Value            29,244              8,580

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