Sunday, October 14, 2018

The Sensex Outlook for the Week Starting - 15-10-2018



There is no change in the market outlook from last week - further falls will be inter-spaced with brief rally's and strong pull-backs.
Be it time correction/price correction or volatile consolidation - a bottom may emerge only after 11th December 18, when the state elections will be out.
For the starting of the week, small-staggered longs with a strict stop-loss will be a good idea.

Date 15-Oct-18
Index Sensex Nifty
S2 34,607 10,433
S1 34,664 10,450
Previous Close   34,733.58 10,472.50
R1 34,808 10,494
R2 34,924 10,529
Fair Value 31,815 9,591





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