Market Data

Tuesday, November 5, 2019

The Sensex Outlook for the Day 05-11-2019

The Sensex has made Newer Highs, while the Nifty is yet to. Let the Nifty also satisfy her ego and desire for one-upmanship over the Sensex by making a New High(s). However we will not see a Newer High every day, sooner or later, the markets will commence with the downward spiral.
 
The Risk-Reward ratio favors shorting the markets.  The indices remain a sell on every rise/ each level. Stick to staying in cash or pursue stock-specific opportunities.
Index Levels 
Date5-Nov-19
IndexSensexNifty
S2           40,162           11,900
S1           40,244           11,924
Previous Close      40,301.96      11,941.30
R1           40,324           11,948
R2           40,380           11,965
Fair Value           30,394             9,006

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