Monday, December 7, 2020

The Sensex Outlook for the Week Starting 07-12-2020

We enter the new week with a blank slate both in the terms of open positions and expectations.
It should not be a surprise if the rally takes a long pause before heading towards 45650/13430 and 45900/13500.
Add longs fresh longs around 44900/13200.
The market outlook will change for the worse, only with a close below 43860/12900 

We will continue with a stock-specific long approach inspite of the NIFTY outlook as above.
Date 7 Dec 20
Index Sensex Nifty
S2            44,944            13,219
S1            44,965            13,225
Previous Close       45,079.55       13,258.55
R1            45,148            13,279
R2            45,423            13,360
Fair Value            29,400              8,647



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