Monday, December 17, 2018

The Sensex Outlook for the Week Starting 17-12-2018

For the last 2 trading sessions of the previous week, the markets have been struggling to sustain higher levels, but to no success. Die-hard bulls may call this 'quiet consolidation' but I think otherwise - a failure to comfortably cross and sustain 36000 today will trigger a fresh downside.

Conservative traders can wait out and look at stock-specific opportunities till the time the markets struggle at 36000/10810 and aggressive traders can initiate fresh shorts at current/higher levels with a SL at 36100/10840.

Date17-Dec-18
IndexSensexNifty
S235,93210,797
S135,95210,803
Previous Close  35,962.9310,805.45
R135,98010,811
R236,01910,823
Fair Value31,6289,504

GenerateChart (1).pngGenerateChart.png

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