Sunday, September 23, 2018

The Sensex Outlook for the Week Starting - 24-09-2018

While nobody expected the flash crash, it was a given that Friday's highs 
would not sustain.

Sooner than later, the markets would have corrected from the intraday High's of Friday.

Going forward into the F&O Expiry week - I expect the markets 
to touch ~35600/10770 before stabilizing or going down even further.

One can look at stock-specific opportunities at the moment, 
but continue to remain short on the NIFTY & BANKNIFTY.

Date 24-Sep-18
Index Sensex Nifty
S2 36,380 11,004
S1 36,775 11,124
Previous Close   36,841.60 11,143.10
R1 36,935 11,172
R2 37,084 11,217
Fair Value 32,018 9,685



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