Market Data

Wednesday, October 24, 2018

The Sensex Outlook for the Day - 24-10-2018

The fact that the Sensex didn't violate the level of 33724 tells that the bears are getting tired - however the bulls are already dead tired and there is no coming back for the bulls anytime soon. 
Any rise should be used to create fresh shorts, since the markets cannot sustain higher levels.
The outlook will turn positive only after the Sensex manages to close above and sustain 35407.

Date 24-Oct-18
Index Sensex Nifty
S2 33,724 10,109
S1 33,771 10,123
Previous Close   33,847.23 10,146.80
R1 33,888 10,158
R2 33,943 10,175
Fair Value 32,310 9,685

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