Monday, April 1, 2019

The Sensex Outlook for the Week Starting 01-04-2019

The Sensex is less than a percent away from its previous lifetime high. What difference does it make if the markets correct from the current levels or from a % higher? The odds for April expiry favor the bears more than the bulls.

Conservative traders can look at stock-specific opportunities rather than trying to figure out the direction of the markets and going long/short.

Date 01-Apr-19
Index Sensex Nifty
S2          38,606         11,604
S1          38,631         11,611
Previous Close   38,672.91   11,623.90
R1          38,711         11,635
R2          38,880         11,686
Fair Value 28,527 8,574




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