Wednesday, October 31, 2018

The Sensex Outlook for the Day - 31-10-2018


When the markets are consistently bouncing off supports but, at the same time, falling short of crossing resistances - they are just killing time before brutally breaking the supports.
For the day, 33800 and 34000 are very strong supports and resistances respectively.In the near term, the Sensex will attempt crossing 34200, before crashing to 33292/lower levels.
The outlook will turn positive only after the Sensex manages to close above and sustain 35405.

Date 31-Oct-18
Index Sensex Nifty
S2 33,769 10,162
S1 33,806 10,173
Previous Close   33,891.13 10,198.40
R1 33,956 10,218
R2 34,012 10,235
Fair Value 32,175 9,683


























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