Sunday, October 8, 2017

The Sensex Outlook for the Week Starting 09-10-2017


As long as the Sensex manages to hold above 31551, the bulls are firmly in control and the near to short outlook remains firmly bullish.However, crossing 31900 in the near term could prove a tough not to crack for the bulls. The best case scenario is that 31900 is taken out and we head towards 32000+ and in the worst case, we consolidate with a positive to neutral bias, in the 31500-31900 range. 

Stick to stock-specific opportunities and playing the above range.

Date9-Oct-17
IndexSensexNifty
S231,7649,964
S131,7909,972
Previous Close31,814.22 9,979.70
R131,8609,972
R231,8749,979
Fair Value27,4838,621


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