Market Data

Wednesday, September 18, 2019

The Sensex Outlook for the Day 18-09-2019

The readers of this column will not surprised  or perturbed by the market crash. We have been consistently bearish on the markets and continue to remain so. Any bounce back today should be used to initiate fresh aggressive shorts.The markets are currently placed nearer to their immediate supports and its a matter of time before 36400 and 10790 are decisively broken.
The markets will have to cross & sustain 36996 (10970) before the outlook changes from downright negative to neutral. Keep these levels as a closing SL and remain short on the markets. 
Index Levels 
Date 18-Sep-19
Index Sensex Nifty
S2            36,182           10,729
S1            36,410           10,796
Previous Close     36,481.09    10,817.60
R1            36,690           10,880
R2            36,816           10,917
Fair Value          29,927            8,874

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