Market Data

Wednesday, October 23, 2019

The Sensex Outlook for the Day 23-10-2019

The near term tops of the markets are in place at 39426/11714. We could consolidate a bit around the current levels, attempting to breach the tops. The longer the consolidation phase lasts, the more vicious would be the correction that will follow. On a broader note, continue to remain short on the indices. However, both way intraday opportunities will do present themselves every now and then. And stock-specific opportunities also exist.

Index Levels 
Date23-Oct-19
IndexSensexNifty
S2           38,815          11,544
S1           38,884          11,565
Previous Close    38,963.84   11,588.35
R1           39,075          11,621
R2           39,105          11,630
Fair Value         29,938           8,904

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