Market Data

Monday, October 7, 2019

The Sensex Outlook for the Week Starting 07-10-2019

The markets are perched precariously at support levels. Even though we remain in a firm downtrend, a small bounce from the current levels cannot be ruled out. Like a few days ago, have brought NIFTY Calls the previous day as a BTST trade. 
Overall, the truncated trading week should see ranged consolidation in the 37600-37900 (11150-11250) band before breaking 37600 (11150).
Index Levels 
Date7-Oct-19
IndexSensexNifty
S2           37,661          11,171
S1           37,663          11,172
Previous Close    37,673.31   11,174.75
R1           37,708          11,185
R2           37,807          11,214
Fair Value         29,657           8,797 
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