Tuesday, December 15, 2020

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.
Date15 Dec 20
IndexSensexNifty
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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