Monday, January 7, 2019

The Sensex Outlook for the Week Starting 07-01-2019


Friday's bounce/rally could continue for a bit before fizzling out. The best case scenario for the markets for the near term is volatile consolidation in the 35600-36000 zone.
The target for January still stands at ~34400/10350, unless 36600 is convincingly taken out.

Date 07-Jan-19
Index Sensex Nifty
S2 35,607 10,702
S1 35,640 10,712
Previous Close   35,695.10 10,727.35
R1 35,744 10,744
R2 35,822 10,767
Fair Value 31,455 9,454



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