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 
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

GenerateChart (1).png
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at  

Subscribe via email

Enter your email address:

Delivered by FeedBurner