The Sensex Outlook for the Day 16-12-2020

The markets recovered very smartly from yesterday's lows - just a tad above the final support levels of 45781/13420  given in this column yesterday.

However, our outlook remains unchanged from yesterday - Unless 46373/13600 is decisively taken out soon, the uptrend will pause/die out soon.

We continue to have short positions on the NIFTY and the BANKNIFTY, and stock-specific long positions. We will relook/exit our shorts only if the markets manage to hold 46400/13610.

Date	16 Dec 20
Index	Sensex	Nifty
S2	46,152	13,535
S1	46,205	13,551
Previous Close	46,263.17	13,567.85
R1	46,344	13,592
R2	46,373	13,600
Fair Value	29,358	8,610

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