Market Data

Friday, September 13, 2019

The Sensex Outlook for the Day 13-09-2019

We saw yesterday that positive global cues at the opening time have no bearing on the closing of our markets. Primarily, because our markets cannot sustain higher levels. Till 37488, the trend remains firmly downwards. Only with a sustained close above 37488 (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 13-Sep-19
Index Sensex Nifty
S2            36,982           10,947
S1            37,029           10,961
Previous Close     37,104.28    10,982.80
R1            37,126           10,989
R2            37,160           10,999
Fair Value 29,380 8,696

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