Market Data

Monday, December 21, 2020

The Sensex Outlook for the Week Starting 21-12-2020

There is no change in the near term market outlook, from Friday.
The near term top for the markets is already in place.
The markets will drift lower towards 46697/13683 in the near term and break 46223/13544 before 2020 is over.
Remain short on the NIFTY (with a SL at 13820) or remain neutral.

We continue to hold stock-specific longs. 

Date21 Dec 20
IndexSensexNifty
S2 46,908 13,745
S1 46,937 13,754
Previous Close 46,960.69 13,760.55
R1 47,026 13,780
R2 47,164 13,820
Fair Value 29,355 8,602 


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