Friday, September 28, 2018

The Sensex Outlook for the Day - 28-09-2018

Its dangerous that the markets follow a set pattern - open with a Gap-Up, going by global & SGX Nifty cues and then fall by the end of the day.
Just when this pattern will become too familiar or comfortable, the markets will break it.
Just trade light for the day - will not be surprised if the Sensex manages to erase its weekly losses by half.
But that will not end the downtrend.
35200 and ~34000 remain the near and short term targets for the markets.

Date 28-Sep-18
Index Sensex Nifty
S2 36,220 10,946
S1 36,238 10,951
Previous Close   36,324.17 10,977.55
R1 36,397 10,999
R2 36,425 11,008
Fair Value 31,934 9,651


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