Friday, October 4, 2019

The Sensex Outlook for the Day 04-10-2019

While the overall/larger trend remains down, expect the markets to rise today. A good day to book profits in your short positions and wait for Monday to short afresh. We are holding Stock as well as NIFTY Calls from yesterday in anticipation of a rise today. Those calls should payoff nicely today. Aggressive traders will get opportunities for intraday longs today.

Index Levels 
Date4-Oct-19
IndexSensexNifty
S2           37,930          11,261
S1           38,096          11,311
Previous Close    38,106.87   11,314.00
R1           38,125          11,319
R2           38,173          11,334
Fair Value         29,682           8,813
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