Market Data

Wednesday, January 16, 2019

The Sensex Outlook for the Day 16-01-2019



I was expecting the markets to correct further, but instead they rose more than a percent! Yesterday's rise not withstanding, the trend still is downwards only. Keep a SL at 36600 for all your short positions.
Fresh short positions can be taken up at the current levels.

Date 16-Jan-19
Index Sensex Nifty
S2 36,163 10,840
S1 36,230 10,860
Previous Close   36,318.33 10,886.80
R1 36,349 10,896
R2 36,412 10,915
Fair Value 31,591 9,470





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