Sunday, December 13, 2020

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. 

Date14 Dec 20
IndexSensexNifty
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 


--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG 

 

Subscribe via email

Enter your email address:

Delivered by FeedBurner