Sunday, September 30, 2018

The Sensex Outlook for the Week Starting - 01-10-2018

The Highs for the year are in place; do not expect a fresh new high in 2018. 
Having said that, we have only corrected ~7% from the highs - its the sheer intensity and speed of the correction 
that shaken investors and traders alike.
We could see a small bounce from the current levels.
With Tuesday a trading holiday, the Bulls will try to engineer a pull-back on Monday. 
Use all rally's / pull-backs to initiate fresh shorts with a target of 35300 and subsequently 34400. 
Stock-specific opportunities will present themselves every now and then - we will take them as they come.

Date 01-Oct-18
Index Sensex Nifty
S2 35,986 10,859
S1 36,194 10,922
Previous Close   36,227.14 10,930.45
R1 36,255 10,940
R2 36,365 10,973
Fair Value 31,972 9,648


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