Tuesday, September 3, 2019

The Sensex Outlook for the Day 03-09-2019


The cues this morning point towards a flat/tepid start to the markets.The markets face tremendous resistance around 37398 (11040), remember a few days ago, the Sensex was trying to consolidate around 37400.Its difficult to see the markets crossing this zone anytime soon.On the other hand,the region around 37285 (11009) is an important support - a close below will only accelerate the fall. 

Index Levels to Watch & Fair Value
Date 3-Sep-19
Index Sensex Nifty
S2            37,245           10,997
S1            37,285           11,009
Previous Close     37,332.79    11,023.25
R1            37,374           11,035
R2            37,398           11,043
Fair Value 29,565 8,730


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