Market Data

Wednesday, October 16, 2019

The Sensex Outlook for the Day 16-10-2019

While the markets have broken out of their trading range of the last many days, it remains to be seen if the current levels can be sustained. It will be safer to maintain the strategy of remaining short on the NIFTY and Long on Individual Stocks and NIFTY Puts. Remaining short on the NIFTY should pay-off handsomely before the week is over.

Index Levels 
Date16-Oct-19
IndexSensexNifty
S2           38,409          11,399
S1           38,460          11,415
Previous Close    38,506.09   11,428.30
R1           38,571          11,447
R2           38,971          11,566
Fair Value         29,979           8,898

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