Friday, December 11, 2020

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.
Date11 Dec 20
IndexSensexNifty
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 

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