Market Data

Friday, October 11, 2019

The Sensex Outlook for the Day 11-10-2019

The markets seem to be consolidating in the broad range of 37400-38400. The next major move of the market, whether on the upside or downside will come when the market breaks this range on either side, convincingly. For the day, a brief uptick can be expected on the opening. Had initiated longs at the close yesterday to capture the expected upside on opening today.
Index Levels 
S2           37,849          11,225
S1           37,874          11,233
Previous Close    37,880.40   11,234.55
R1           37,922          11,247
R2           37,938          11,252
Fair Value         29,588           8,775
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