Thursday, October 11, 2018

The Sensex Outlook for the Day - 11-10-2018




The Global & SGX Nifty cues indicate another rout today. We already exited our NIFTY & BANKNIFTY Calls and also initiated fresh aggressive shorts on the NIFTY yesterday.So today's rout should not come as a surprise. The trend remains downwards, inter-spaced with rally's and pull-backs. Initiate fresh shorts on the opening as an intraday trade.

Date 11-Oct-18
Index Sensex Nifty
S2 34,655 10,429
S1 34,735 10,453
Previous Close   34,760.89 10,460.10
R1 34,858 10,490
R2 35,348 10,637
Fair Value 32,110 9,663

  



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