The Sensex Outlook for the Day 11-12-2020

While the downside supports for the markets are still intact at 45468/13333 & 44449/13035, it is difficult to see the markets closing above 46008/13492 anytime soon.

Conservative traders can exit their NIFTY long positions before the weekend, while aggressive traders have been already short on NIFTY and BANKNIFTY since the last 2 trading sessions.

We continue with a stock-specific long approach.

Date	11 Dec 20
Index	Sensex	Nifty
S2	45,865	13,450
S1	45,897	13,460
Previous Close	45,959.88	13,478.30
R1	45,983	13,485
R2	46,008	13,492
Fair Value	29,380	8,616

--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG