Thursday, September 26, 2019

The Sensex Outlook for the Day 26-09-2019


Tracking the indices is ultimately tracking the levels & as long as the markets are trading above 37576 / 11138, I'm neutral (not bearish) on the indices. But, expecting to see the markets consolidate / try to find the new anchor points from where they could move higher or lower. Its better to be cautious on the Sensex and Nifty and shift to stock specific trades for now.
Index Levels 
Date 26-Sep-19
Index Sensex Nifty
S2            38,287           11,349
S1            38,511           11,416
Previous Close     38,593.52    11,440.20
R1            38,699           11,471
R2            38,731           11,481
Fair Value          29,854            8,850

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