Market Data

Monday, October 14, 2019

The Sensex Outlook for the Week Starting 14-10-2019

The reins of the markets are equally in the hands of the bulls and bears at the moment. In the near term, the markets could go either way from the current levels - within the broad trading range of 37400-38400. However, the short term continues to remain down. We had shorted the markets towards the fag of the trading session on Friday and also accumulated NIFTY Puts. There are ample stock-specific opportunities. The best strategy would be to remain short on the NIFTY and go long on individual stocks.

Index Levels 
S2           38,045          11,281
S1           38,070          11,288
Previous Close    38,127.08   11,305.05
R1           38,144          11,310
R2           38,228          11,335
Fair Value         29,626           8,784
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