Tuesday, September 17, 2019

The Sensex Outlook for the Day 17-09-2019


There is no change in the near & short term trends for the markets - both remain clearly down.The markets are currently placed nearer to their immediate supports and its a matter of time before 37000 and 11000 are decisively broken.
The markets will have to cross & sustain 37507 (11117) before the outlook changes from negative to neutral. Keep these levels as a closing SL and remain short on the markets. 
Index Levels 
Date 17-Sep-19
Index Sensex Nifty
S2            37,083           10,992
S1            37,114           11,001
Previous Close     37,123.31    11,003.50
R1            37,151           11,012
R2            37,204           11,027
Fair Value          29,783            8,828


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