Thursday, October 3, 2019

The Sensex Outlook for the Day 03-10-2019

The markets are currently poised at supports and inspite of the gloomy global cues, I would stick my neck out and expect a small bounce from the current levels.
Having said that, the overall trend remains negative below 38408/11390. Intraday traders can trade the Nifty for a small bounce from supports or better stick to stocks only.
 
Index Levels 
Date3-Oct-19
IndexSensexNifty
S2           37,930          11,249
S1           38,286          11,354
Previous Close    38,305.41   11,359.90
R1           38,371          11,379
R2           38,386          11,384
Fair Value         29,892           8,865

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