Market Data

Tuesday, October 15, 2019

The Sensex Outlook for the Day 15-10-2019

The markets are firmly stuck in the 37400-38400 (11100-11400)  band. Since we are closer to the upper end of the band, it's natural for the markets to attempt to break out on the upside.After one more attempt to break out, we could see a breakdown towards the lower end of the range.
There are ample stock-specific opportunities. The best strategy would be to remain short on the NIFTY and go long on individual stocks.

Index Levels 
S2           38,100          11,307
S1           38,185          11,332
Previous Close    38,214.47   11,341.15
R1           38,265          11,356
R2           38,326          11,374
Fair Value         29,863           8,863

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