Wednesday, January 30, 2019

The Sensex Outlook for the Day 30-01-2019

Between March and August last year, the Sensex gained more than 6500 points and in the last 5 months, it gave up more than half of the gains  ~3400 points. And its only the beginning of the downtrend.Expect the markets to stabilize around ~32500 levels in the coming months.
Remain short on the markets with a trailing SL at 35884.

Date 30-Jan-19
Index Sensex Nifty
S2 35,347 10,580
S1 35,567 10,646
Previous Close   35,592.50 10,652.20
R1 35,614 10,660
R2 35,631 10,665
Fair Value 31,605 9,460



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