The Sensex Outlook for the Week Starting 14-12-2020

The market seems to be on firm footing above 45025/13200.

As long these levels are not broken, the trend will remain UP/sideways.

On the upside, 46172/13535 is a resistance zone, above which we can see 46400/13600.

Above 46400/13600, the rally may extend towards 47972/14063.

We have short positions on the NIFTY and the BANKNIFTY, they will offset/hedge the stock-specific long positions. 

Date	14 Dec 20
Index	Sensex	Nifty
S2	46,008	13,487
S1	46,053	13,500
Previous Close	46,099.01	13,513.85
R1	46,173	13,535
R2	46,310	13,576
Fair Value	29,347	8,603

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