Monday, December 10, 2018

The Sensex Outlook for the Week Starting 10-12-2018

This week is going to be very exciting and volatile - irrespective of what the exit polls predict and how negatively the market reacts to the same - I'm sticking my neck out and expecting BJP to retain CG,MP & Rajasthan tomorrow. So one can expect a negative day today and a bounce-back tomorrow.
However on a weekly outlook basis - there are much more factors and cues for the market to contend and grapple with.
Its best to take one trading day at a time and trade in small lots.
One can short the markets on opening today, but be sure to close your shorts today itself. Aggressive traders can take long positions towards the end of the day for tomorrow.

Date10-Dec-18
IndexSensexNifty
S235,59410,670
S135,62310,678
Previous Close   35,673.2510,693.70
R135,73010,710
R235,75110,717
Fair Value31,5859,468


GenerateChart (1).png​​GenerateChart.png



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