Monday, September 16, 2019

The Sensex Outlook for the Week Starting 16-09-2019


There is no change in the near & short term trends for the markets - both remain clearly down.On Friday, the markets closed nearer to their resistance levels, so its a given that 
we will see a down move from the current levels on opening.

The markets have to cross & sustain 37500 (11110) before the outlook changes from negative to neutral. Keep these levels as a closing SL and remain short on the markets.

Index Levels 
Date 16-Sep-19
Index Sensex Nifty
S2            37,266           11,041
S1            37,291           11,048
Previous Close     37,384.99    11,075.90
R1            37,397           11,079
R2            37,435           11,091
Fair Value          29,424            8,717

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