The Sensex Outlook for the Week Starting 16-10-2017

Last week's best case scenario has come true - "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. " 

Going forward into the festive season, the outlook remains firmly bullish - remain long | add to your longs, with a closing SL below 32150.

Date	16-Oct-17
Index	Sensex		Nifty
S2	32,272		10,117
S1	32,396		10,156
Previous Close	32,432.69		10,167.45
R1	32,592		10,218
R2	32,836		10,294
Fair Value	27,330		8,568

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