Monday, September 30, 2019

The Sensex Outlook for the Week Starting 30-09-2019

The markets face headwinds at 38900/11530 and on the downside,supports dont really come into play till 38500/11400. The best case scenario for the markets is volatile consolidation around the current levels. Whether the rally from the lows of 35987 extends further or meets its maker at 38900 should be clear by tomorrow. 
Index Levels 
Date30-Sep-19
IndexSensexNifty
S2           38,657          11,463
S1           38,802          11,506
Previous Close    38,822.57   11,512.40
R1           38,876          11,528
R2           38,904          11,537
Fair Value         29,637           8,789
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