Thursday, September 5, 2019

The Sensex Outlook for the Day 05-09-2019


Any rise / positive opening can be used to aggressively short the markets for the short term targets of 35900 (10600) and 35456 (10470). The outlook will turn neutral from bearish only if the markets manage to cross and sustain 36920 (10900).

Index Levels to Watch & Fair Value
Date 5-Sep-19
Index Sensex Nifty
S2            36,637           10,819
S1            36,671           10,829
Previous Close     36,724.74    10,844.65
R1            36,873           10,888
R2            36,922           10,903
Fair Value 29,615 8,745

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