Friday, October 13, 2017

The Sensex Outlook for the Day - 13-10-2017


Inspite of yesterday's rally, we are not even near a mini-break-out yet, so in other words, the markets can zoom into either direction from here.
More than the cues from SGX Nifty, I would like to see the 1st hour of trade to figure as to where is the market headed for the day. A close below 32000 will be a momentary set-back for the current market set-up.

Date13-Oct-17
IndexSensexNifty
S232,06810,061
S132,10110,071
Previous Close32,182.22 10,096.40
R132,29310,131
R232,48710,192
Fair Value27,4008,596


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