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 
Date31-Oct-19
IndexSensexNifty
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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