Market Data

Thursday, October 31, 2019

The Sensex Outlook for the Day 31-10-2019

It looks like we will have a touch and go at a new high today. However, a new high bereft of corresponding fundamentals & solely on the basis of expectations of government announcements is sitting duck for a huge correction thereafter.
I continue to hold shorts/ advise shorts on the NIFTY along with Aggressive Stock Specific Long Positions. Your short positions should be in line with your risk appetite and M2M capacity.

Index Levels 
S2           39,805          11,771
S1           40,012          11,832
Previous Close    40,051.87   11,844.10
R1           40,115          11,863
R2           40,283          11,912
Fair Value         30,668           9,069

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