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. 

Date	21 Dec 20
Index	Sensex	Nifty
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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