Tuesday, October 23, 2018

The Sensex Outlook for the Day - 23-10-2018


There is no change in the near term outlook from yesterday - expect the indices to drift lower and close the F&O series at sub 33500/ sub 10000 levels. 
Any rise can be safely used to create fresh shorts, since the markets cannot sustain higher levels - like we saw yesterday.
The outlook will turn positive only after the Sensex manages to close above and sustain 35409.
Date 23-Oct-18
Index Sensex Nifty
S2 33,724 10,121
S1 34,083 10,229
Previous Close   34,134.38 10,245.25
R1 34,195 10,263
R2 34,317 10,299
Fair Value 32,153 9,650




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