Thursday, December 31, 2020

The Sensex Outlook for the Day 31-12-2020

Wishing you & your Near'n'Dear Ones, A Very Happy 2021.
On expected lines, we did have a volatile session yesterday.
Going forward into the last trading session of 2020, we have almost reached our near term target of 47840/14003.
Keep a very strict SL at 47311/13855 for all short term NIFTY longs.
We have exited quite a few of our stock-specific long positions at the intended target levels, rest we will in the due course of this week.
The next major targets for the markets in early 2021 are 49641 (14537) followed by 50232 (14710).

Date31 Dec 20
IndexSensexNifty
S2 47,643 13,952
S1 47,702 13,969
Previous Close 47,746.22 13,981.95
R1 47,808 14,000
R2 47,956 14,043
Fair Value 30,032 8,795 

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