Friday, November 9, 2018

The Sensex Outlook for the Day - 09-11-2018


For the day, the bulls and bears are evenly poised - however its best to trade light for the day, not because its a Friday but because the market needs to digest the low volume gains of 
the Diwali / Mahurat trading and build a fresh base around 35150-35200. I reiterate, a failure to convincingly cross 35414 will see the Sensex give up its recent gains in no time.

Date 09-Nov-18
Index Sensex Nifty
S2 35,156 10,573
S1 35,207 10,589
Previous Close   35,237.68 10,598.40
R1 35,302 10,617
R2 35,414 10,651
Fair Value 31,733 9,544


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