Tuesday, September 25, 2018

The Sensex Outlook for the Day - 25-09-2018


The markets topped out at 38989 odd levels last month and have been in a downtrend since then, interspaced by brief and short-lived rallies.
The near term downtrend will not end before we see 35250/10650.Whether we correct further from the levels of 35250/10650 is a question that we will answer when we reach there.
For now, every rally/rise is an opportunity to short the the NIFTY & BANKNIFTY, while looking at selective stock-specific opportunities.

Date 25-Sep-18
Index Sensex Nifty
S2 35,994 10,874
S1 36,217 10,942
Previous Close   36,305.02 10,967.40
R1 36,424 11,004
R2 36,484 11,022
Fair Value 32,134 9,708

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