The Sensex Outlook for the Day - 12-10-2017

Yesterday I wrote,"As long as 31900/10000 hold on, we will continue to be surprised on the upside" - however, the markets couldn't hold on to higher levels.

We can see a gap-up opening again today, however the key is to hold on to 31800/9975 for any meaningful rally to happen.

Add on to longs with a closing SL below 31800 for targets of 32277-32361 in the near term.

Date	12-Oct-17
Index	Sensex		Nifty
S2	31,802		9,975
S1	31,816		9,979
Previous Close	31,833.99		9,984.80
R1	31,868		9,995
R2	31,901		10,006
Fair Value	27,387		8,590

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