Yesterday was a day of quiet consolidation for the markets.The Sensex even closed almost exactly at the mid-point between the day's high & low.The next hurdle for the Sensex is 37482. Only with a sustained close above 37482 (11098) will the market outlook change to neutral from the current bearish. Till then, remain short for a near/short term target of 36102 (10680).
| Index Levels to Watch & Fair Value | ||
| Date | 12-Sep-19 | |
| Index | Sensex | Nifty |
| S2 | 37,200 | 11,015 |
| S1 | 37,229 | 11,023 |
| Previous Close | 37,270.82 | 11,035.70 |
| R1 | 37,343 | 11,057 |
| R2 | 37,482 | 11,098 |
| Fair Value | 29,578 | 8,758 |
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