Monday, October 29, 2018

The Sensex Outlook for the Week Starting - 29-10-2018


The markets are firmly in the grip of bears.Every attempted bounce from support levels gets sold into.
All rise and rallies can be safely shorted afresh for targets of 32268/9705 in the days/weeks to come.
The outlook will turn positive only after the Sensex manages to close above and sustain 35407.

Date 29-Oct-18
Index Sensex Nifty
S2 32,948 9,909
S1 33,292 10,013
Previous Close   33,349.31 10,030.00
R1 33,463 10,064
R2 33,524 10,082
Fair Value 32,269 9,705



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