Thursday, October 12, 2017

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.

Date12-Oct-17
IndexSensexNifty
S231,8029,975
S131,8169,979
Previous Close31,833.99 9,984.80
R131,8689,995
R231,90110,006
Fair Value27,3878,590


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