The Sensex Outlook for the Day 15-12-2020

The markets are now precariously poised. 

Unless 46376/13594 is decisively taken out soon, the uptrend will pause/die out soon.

Downside support exists at multiple levels from 46162/13531 to 46005/13485 and finally at 45781/13420.

Any sideways movement between 46162/13531 and 46400/13600 should not be used to get into fresh longs.

We continue to have short positions on the NIFTY and the BANKNIFTY, and stock-specific long positions.

Date	15 Dec 20
Index	Sensex	Nifty
S2	46,162	13,531
S1	46,202	13,543
Previous Close	46,253.46	13,558.15
R1	46,373	13,593
R2	46,524	13,637
Fair Value	29,314	8,593

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